Liverpool and Manchester United appear likely to miss out on the signing of Carlos Bacca, with the Sevilla striker's agent having confirmed that he has reached an agreement with AC Milan.
The Colombian international has made quite an impact in La Liga since arriving at the Estadio Ramon Sanchez Pizjuan from Club Brugge in July 2013, scoring 34 goals and helping Unai Emery's side to claim back-to-back victories in the Europa League.
Such impressive prowess has led lingering speculation regarding Bacca's future to gather significant pace across the continent over recent weeks, despite him having been sent off for shoving Neymar in the aftermath of his country's 1-0 win over Brazil at the Copa America.
Liverpool's interest was confirmed by representative Sergio Barila on 26 June, while The Telegraph claim that rivals Manchester United have also lodged an enquiry relating to the 28-year-old as something of a contingency plan if moves for Tottenham's Harry Kane and Real Madrid forward Karim Benzema do not prove successful.
As reported by ESPN last month, AC Milan have also been linked with the player as the fallen Serie A giants look to strengthen an underperforming squad as a consortium led by wealthy Thai businessman Bee Taechaubol continue negotiations over acquiring a minority 48% stake in the club.
FC Porto striker Jackson Martinez was believed to be the Rossoneri's primary attacking target, although chief executive Adriano Galliani confirmed to La Gazzetta dello Sport earlier this month that Milan had actually withdrawn from the race, citing an intention to invest transfer funds wisely throughout the summer after seeing French midfielder Geoffrey Kondogbia join rivals Inter.
Milan will not compete in any form of European competition once again next season having laboured to a disappointing 10th-place finish in Serie A that also resulted in manager Filippo Inzaghi being swiftly replaced by Sinisa Mihajlovic.
That does not appear to be a major factor for Bacca, however, with Barila confirming that talks over a potential switch to the San Siro had now come to an agreeable conclusion.
"I can confirm that Milan and the player reached an agreement, he told MilanNews.it as relayed by the Daily Mail.
He remained coy over the length of the contract, adding: "Carlos chose what is best for his future, so it's only natural he is happy. How long is the deal for? You'd best ask the Rossoneri that."
While Barila does not make reference to any potential fee, The Guardian report that Bacca's current contract contains a £21.5m ($33.8m) release clause that Sevilla will require to be paid in full.