Swansea chairman Huw Jenkins has revealed the club have agreed a fee believed to be over £5m for Celtic midfielder Ki Sung Yueng.
Speaking to STV, the Swans chief confirmed they can now enter negotiations with the South Korean international over a move to the Liberty Stadium.
Ki has been subject to intense transfer speculation over the summer with Arsenal and Queens Park Rangers linked with the 23-year-old.
Jenkins told STV: “We have agreed a fee with Celtic for Ki. We are currently holding discussion with player and agent over personal terms.
“We are aware of other clubs interest but we are hopeful we can conclude a deal in the next 24 hours. We feel he is a very exciting young player who has a good career infront of him.”
Earlier on Monday, Celtic assistant boss Johan Mjallby told the media that Ki wouldn’t travel with the squad for their Champions League play-off against Helsingborg.
He said: "Ki is not travelling.
"He is keen to move on and the club is in discussion with another club so we have to wait and see what happens.
"He is a quality player but on the other hand he is keen to move on so the club needs to do something.”
Ki joined Celtic in January 2010 and has gone on to make 82 appearances for the Parkhead club.