Gonzalo Higuain has agreed personal terms with Juventus but a deal has yet to be done with Real Madrid, says the Gazzetta dello Sport.
Director general Beppe Marotta and sporting director Fabio Paratici flew to the Spanish capital on Wednesday.
The officials met with the striker’s father Jorge and his brother Nicolas to discuss options for the Argentine.
A four-year contract worth €4.5m a season is said to have been agreed. That salary could rise to €6m a campaign depending on the activation of certain bonus clauses.
However, the transfer has not been wrapped up as it will now be up to the two clubs to reach a compromise.
Talks between the two European giants are likely to be put on hold until Real have named a new Coach and their presidential elections have taken place.
Reports in recent weeks have suggested that Real would want around €30m or the inclusion of Arturo Vidal in the deal.
Juventus, who have made it clear that the Chilean is not for sale, are hoping to net the South American for no more than €25m.
There is the possibility that Real will at least try to get an option on the Turin midfielder should Juve decide to sell in the future.