Bournemouth are finalising a £21million deal with Elche for striker Alvaro Rodriguez with a further potential £4m in add-ons.
The 21-year-old Uruguay international started his career at Real Madrid before moving to Elche in 2025.
He scored seven goals in La Liga last season as Elche finished 13th with Rodriguez scoring against Barcelona and Real Madrid during the campaign.
Alvaro Rodriguez played 36 games in all competitions for Elche last season
Rodriguez is due to fly into the UK this weekend for his medical and to finalise terms.
Bournemouth, who have brought in former Leipzig and Borussia Dortmund boss Marco Rose after the departure of Andoni Iraola, have confirmed coaches Tommy Elphick and Shaun Cooper have left the club for Liverpool. The pair will rejoin Iraola at Anfield.
Elphick and Cooper both captained Bournemouth and made almost 400 appearances for the club between them.