Newcastle and Manchester City are reportedly chasing the signature of Deportivo La Coruna defender Fabricio Coloccini.
The Argentinean centre-back is set to leave the Galician club this summer despite coach Miguel Angel Lotina being keen for him to stay.
The 26-year-old is valued at 13 million Euros and Lotina knows, given Deportivo's financial constraints, that without the sale his ability to strengthen would be limited.
Spanish clubs - thought to include Real Madrid and Barcelona - are also interested but Coloccini's agent, Marcelo Lombilla confirmed talks with the English clubs are more advanced.
He told AS: "There are two important teams willing to pay a very good amount. The two clubs are very serious in their interest. If not, I would not be going backwards and forwards to England.
"There are teams in Spain that are also interested, but one must be slightly patient."
Deportivo signed Coloccini from Milan for an undisclosed fee in January 2005. Last summer, they rejected an offer of 10 million Euros by Real Zaragoza for the player.