Liverpool and Tottenham Hotspur are left frustrated as Atletico Madrid have reportedly reached an agreement with PSV Eindhoven to sign Zakaria Bakkali in the ongoing transfer window.
Dutch newspaper De Telegraaf claims that the reigning La Liga champions have agreed to pay €2-3m to acquire his services but are yet to negotiate personal terms with the talented 18-year-old winger.
The Reds and the north London club were believed to be interested in bringing the youngster to the Premier League after he rejected a contract extension earlier this year. The 18-year-old has been likened to Chelsea star Eden Hazard by Belgium manager Marc Wilmots.
The Eredivisie outfit's technical director Marcel Brands wanted Bakkali to commit his future while implying that he will not be allowed to leave for free when his contract runs out next summer.
"It is certainly not done but Atletico are very interested and know what we want. We might be able to come to an agreement. To be honest I do not see Zakaria going abroad at this time," the Express quoted Brands as saying.
"I don't rule out that he just stays with us. There are also some other clubs interested in him, but Atletico is the only one who have made a concrete offer. Whether he chooses to stay with us or a transfer, it is now clear what he must do."
"He can still extend his contract with us and then if he chooses to increase his efforts for PSV, with his heart and soul, that's fine. If he chooses a transfer, I am also at peace with it," he concluded.
However, De Telegraaf's report suggests that PSV withdrew their contract renewal offer and accepted Atletico's bid. Bakkali only broke into Phillip Cocu's side last campaign making 16 league appearances, scoring three goals in the process.
Reports from Spain suggest that Atletico have outlined two additional possibilities for the winger apart from drafting him into Diego Simeone's first team.
The Champions League runners-up plan to send him on a season-long loan to another La Liga club to give him time to settle in the country or send him to Atletico B in the Segunda Division.
Atletico have signed rumoured Chelsea, Liverpool, Arsenal and Tottenham target Antoine Griezmann to replace Adrian Lopez. It remains to be seen how Bakkali will stake his claim in the Spanish capital outfit's starting lineup next season.