Paris Saint-Germain and AC Milan are negotiating a player-plus-cash deal which could see goalkeeper Gianluigi Donnarumma move to France, according to Sky in Italy.
The Serie A club value the 20-year-old at around £45m but £27m-rated PSG goalkeeper Alphonse Areola could head in the opposite direction as part of the deal.
Milan are under pressure to sell players to comply with Financial Fair Play rules, and negotiations could be made easier by the fact that Donnarumma and Areola have the same agent in Mino Raiola.
Donnarumma has already amassed over 150 appearances for Milan in all competitions, as well as representing the Italian national side at both youth and senior level.
Milan paid a fee in the region of only £220,000 for him at the age of 14 and he made his first-team debut just two years later.
The Italian side are also hopeful of signing Real Madrid left-back Theo Fernandez, who recently met with the club's technical director Paolo Maldini.
Follow the Summer Transfer Window on Sky Sports
From July 1, Sky Sports News will be the home to three new shows dedicated to bringing you the very latest news from this summer's transfer market.
Start your day with Good Morning Transfers at 9am as our team of reporters and pundits bring you the latest news and insight. Transfer Talk then follows at midday delivering the biggest stories that matter to you. And join us at 7pm for the definitive round up of the day's news with The Transfer Show.
And as well as tuning into Sky Sports News, don't miss a thing with our dedicated Transfer Centre blog.
There's also the Transfer Talk Podcast, the daily UK, Regional and European Paper Talk, plus features across skysports.com and the Sky Sports App.