Real Madrid are on the verge of completing a deal to sign Brahim Diaz from Manchester City, Sky Sports News understands.
The 19-year-old is due in Madrid over the next 24 hours to finalise the transfer after he rejected a contract offer to stay at City.
Diaz joined the Premier League champions in 2015 from Malaga for an initial £200,000, but he has found his first-team opportunities limited under Pep Guardiola.
Guardiola stated last month that City would "do absolutely everything" to keep Diaz, but both parties have since failed to make a breakthrough in contract negotiations.
Diaz's current deal is due to expire at the end of the season, so City have made the decision to cash in now.