Premier League-linked winger Yannick Ferreira Carrasco is said to be close to completing a transfer from AS Monaco to Atletico Madrid.
The Belgian international is heading to Spain to undergo a medical ahead of a €20m deal which could rise further based on add-ons, according to L’Equipe.
Both Arsenal and Tottenham Hotspur had previously been credited with an interest in Carrasco, who scored against the Gunners as Monaco knocked them out of the Champions League last season.
Spurs were believed to have had an £8m bid rejected for the 21-year-old, and Atletico now seem to have pounced with a successful offer thought to be nearly double that figure.
Atletico are after a replacement for Turkish international midfielder Arda Turan, who left for Barcelona last week despite being tipped to join either Chelsea or Manchester United.
Carrasco has scored 11 goals in 66 games for Monaco since making his first-team debut in 2012.