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Castillejo/Milan/Bacca—the latest. DEAL REPORTEDLY AGREED

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Nothing official yet

Atletico Madrid v Villarreal - La Liga Photo by Denis Doyle/Getty Images

It is being reported that an agreement has been reached between Villarreal and AC Milan for the transfer of Samu Castillejo. The deal involves the transfer of Carlos Bacca; Villarreal will give him the same contract terms as he currently has with Milan in terms of salary, and he becomes a member of the Submarine.

Milan will pay us €3-4m as a loan fee this year for Castillejo, with a mandatory purchase option. An €18m figure was mooted but I believe that includes the loan fee in it, though this is not totally clear.

News was broken by Eurosport and Gianluca Di Marzio within the last quarter-hour; Di Marzio is usually pretty accurate about this stuff when he says something has actually happened.

More news as it comes up.