Tottenham have agreed a fee with Real Betis for midfielder Giovani Lo Celso, according to the Daily Record.
The north Londoners will pay an initial £47.8m, with another £7.4m potentially due in add-ons.
Spurs have been negotiating with Betis for several months but now appear to be on the verge of completing a deal.
Mauricio Pochettino considers Lo Celso as a replacement for Christian Eriksen, who is likely to depart when his contract expires in 2020.
The Argentina international is Tottenham's second major signing of the summer, following the club-record purchase of Tanguy Ndombele from Lyon.
Pochettino's side begin their Premier League campaign against Aston Villa this weekend.
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