Espanyol have reached an agreement with Manchester City to sign Vladimir Weiss on a season-long loan, while fellow Blues youngster Loris Karius is on his way to Mainz.
Slovakia international Weiss, who has had loan spells at Bolton and Rangers during the last two years, has been linked with a move to various clubs this summer.
But it is Espanyol who have now announced that a deal is in place for Weiss to spend the remainder of the 2011/12 Primera Liga campaign in Spain.
"Espanyol and Manchester City have reached an agreement in principle for the loan of Vladimir Weiss for one season," read an Espanyol statement.
Weiss travelled to Barcelona on Monday morning in a bid to put the finishing touches on the switch.
If all goes to plan and the deal goes through, Weiss, who will link up with Slovakia for the upcoming Euro 2012 qualifiers against Republic of Ireland and Armenia, will be presented next week following his international commitments.
Weiss is not the only City player on his way out of the club on loan, with highly-rated goalkeeper Karius to join Mainz in Germany until December.
The 18-year-old is under contract with City until next summer but has yet to make the breakthrough into the first team and will now have a chance to press for more regular action in the Bundesliga.
"Loris Karius is one of the most talented goalkeepers of Germany," Mainz general manager Christian Heidel told his club's official website.
"We have been monitoring him for a while and when we met he left a very good impression on us.
"We have put up a loan arrangement with Manchester City in the meantime and I feel this loan is a win-win situation for us as a club as well as for the player."