Marcos Lorente has agreed to join Atletico Madrid from city rivals Real Madrid.
The Spanish midfielder is set to sign a five-year contract with Atletico subject to a medical.
The 24-year-old, who made just 16 appearances for Real last season, will move for a reported £35m.
Seven players to have played for both Real and Atletico
|Hugo Sanchez||Atletico 1981-85 & Real 1985-92|
|Bernd Schuster||Real 1988-90 & Atletico 1990-93|
|Santiago Solari||Atletico 1999-00 & Real 2000-05|
|Juanfran||Real 2004-06 & Atletico 2011-19|
|Jose Antonio Reyes||Real 2006-07 & Atletico 2007-11|
|Thibaut Courtois||Atletico 2011-14 & Real 2018-Present|
|Alvaro Morata||Real 2010-14 16-17 & Atletico 2019-Present|
The move could pave the way for Rodri to complete a move to Premier League champions Manchester City, who are ready to pay his release clause.
Rodri told Atletico earlier this month that he wanted to leave the club for a new challenge. He has also interested Bayern Munich.
Sky Sports News reported last month that Llorente and Lyon's Tanguy Ndombele, who has been the subject of talks between the Ligue 1 side and Tottenham, were also on City's shortlist for a holding midfielder behind Rodri.