Barcelona are planning to loan Alen Halilovic to Celta Vigo as part of a deal that brings Nolito to the Camp Nou, according to reports.
The European champions are looking for a viable replacement for reported Manchester United target Pedro and it is believed that the 28-year-old winger is their preferred option.
According to the Daily Mail, Nolito's release clause is set at €18m (£12.7m) but Barcelona want to pay €14m (£9.9m) and send the Croatian youngster on loan to sweeten the deal.
The Catalan club could also allow their former B team star Nolito to stay with Celta until January, when their transfer embargo lifts.
West Ham United had also been linked with a move for Halilovic this summer.