Atletico Madrid are on the verge of signing Espanyol forward Pablo Osvaldo after they had a €17million bid accepted, according to Marca.
The La Liga team have long been in the market for a new striker in the wake of doubt over the future of Uruguayan hit-man Diego Forlan.
However, the need to strengthen their attacking options became even more imperative following the £38m departure of former club talisman Sergio Kun-Aguero to big-spending Barclays Premier League outfit Manchester City.
The Argentine-born striker, who has represented Italy at U-21 level has also caught the eye of English side Tottenham and Italian side Roma, but is reported to be eager on staying in Spain for the time being.
Marca further reports that Atletico are yet to agree personal terms with the player, but the club's hierarchy are said to be undaunted about that being a significant difficulty to overcome.
Osvaldo only joined Espanyol last summer from Italian side Bologna for a fee of €4.6m, after impressing on loan, and has scored 20 goals in 44 league appearances for the club.
Atletico are looking to bounce back from a unsatisfactory league campaign last season, where they finished 7th in La Liga and only just qualified for the Europa League.
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