Rayo Vallecano have emerged as favourites ahead of Celtic to sign Real Madrid teen sensation Martin Odegaard on loan in January.
The highly-rated Norwegian has yet to feature for Real's first team this season and is reportedly keen on loan deal to secure regular playing time.
Celtic had registered strong interest in the 16-year-old during the summer but Real were eager to keep hold of him for the opening months of Rafael Benitez's reign.
However, according to Periodista Digital, Rayo and Los Blancos and close to agreeing a deal which would see Odegaard move to the Campo de Futbol de Vallecas for the second half of the campaign.