Reigning European champions Real Madrid are set to confirm that they have a deal in place which will see River Plate star Exequiel Palacios become the club's first January signing this season, according to reports.
Recently, Los Blancos have drastically changed their transfer strategy and they are no longer willing to make big money signings to form a squad of Galácticos.
Instead, Real Madrid are looking to build for the future under club president Florentino Pérez's new transfer strategy, and Argentine midfielder Palacios is the latest name to appear on his wishlist.
Spanish outlet Marca claim that a deal which will take Palacios to the Santiago Bernabéu until at least 2024 is all but confirmed, with Real Madrid just waiting on the player's signature to officially seal the deal.