Levante are set to sign Manchester City misfit Felipe Caicedo on a permanent deal this summer - and then try to offload him to ease their debts.
talkSPORT reported earlier this month the La Liga side would take advantage of a £1m pre-arranged fee for the player, and this has now been confirmed by the club in the Spanish press.
The Ecuador striker joined City for £5.2m in 2008 but struggled to make an impact at Eastlands, spending time on loan at Portuguese side Sporting CP and Malaga before joining La Liga's Levante for the 2010/11 campaign.
The 22-year-old has impressed during his time in Spain, bagging 12 goals in 22 appearances, and the Levante board have given the green light for the club to make theÂ£1m offer for the 6ft 1in forward.
But how long Caicedo would stay in Spain remains to be seen, with the club reportedly including a £10m buy-out clause in his contract which would hopefully be met by another suitor.
"With regard to what we will do with him if we sign him, we're not sure yet," the club told Valencia-based newspaper Superdeporte.
"If a big-money offer comes in, Levante will sell and thank the player for helping to reduce our debt."