Atletico Madrid have announced they have agreed a deal to sign young Argentinian forward Angel Correa, subject to a medical.
The 19-year-old will join the La Liga champions and Champions League finalists from San Lorenzo and is set to sign a five-year contract.
Correa made his debut in the Argentinian top flight last year and has scored eight league goals this season.
Atletico stated on their website: "Our club have reached an agreement with San Lorenzo of Almagro for the transfer of the young Argentinian talent, pending a medical."
San Lorenzo president Matias Lammens has confirmed that Atletico are paying €7million (£5.7m) for Correa and that the player will move to Spain once his current club's Copa Libertadores campaign is over.
Lammens told American Closs: "Atletico will let Correa play in the semi-finals of the Copa Libertadores for us.
"Angel will arrive in Spain in August, with the pre-season work already done. There is a chance that they could loan him back to us.
"In addition, there is an article in the agreement that says that, if something happens to Correa during the Copa Libertadores, then San Lorenzo will take charge of it."