Manchester United have reached an agreement with Atalanta over the transfer of Rasmus Hojlund, according to Fabrizio Romano.
The club launched their first bid for the Denmark striker earlier this week, with PSG also interested in the attacker.
Their opening bid was worth £50 million, amid reports that Atalanta would demand up to £86 million to sell one of their prized assets.
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BBC Sport claimed that United would stick by their own valuation of the striker and not exceed it, although PSG's late interest threw a spanner into the works for Erik ten Hag's side.
The Dutchman is in need of a centre forward before the new season begins, with United desperate to ease the goalscoring burden on the likes of Marcus Rashford and Bruno Fernandes.
Now, it appears that the club have taken a considerable step forward to securing the Dane's official signature.
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Romano reveals Man Utd Hojlund agreement
Taking to Twitter, Romano reported that United have now reached a full agreement with Atalanta over a transfer for Hojlund, and revealed the financial details behind the deal.
He wrote: "Rasmus Hojlund to Manchester United, here we go! Agreement reached right now with Atalanta.
"Package will be around €70 million with add-ons, club preparing documents in the next 24 hours.
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"Hojlund agreed five year deal 10 days ago as he only wanted Manchester United."
Hojlund's Atalanta took on Bournemouth in a friendly on Saturday afternoon, but the forward was not involved despite being at the stadium and named in the initial squad.
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Sky Sports reporter Mark McAdam, who was at the game, claimed that it appeared the Dane was saying goodbye to his team-mates on the pitch before kick-off.
Should United get the deal over the line, Hojlund will become the club's third summer signing.
Ten Hag's side have already spent a combined fee of over £100 million for Mason Mount from Chelsea and Andre Onana from Inter Milan, and a deal for Hojlund would take their spending over the £150 million mark.
Outgoings could follow his arrival, with talkSPORT claiming that the club have set a £40 million price tag to sell midfielder Scott McTominay.
Topics: Manchester United, Premier League, Fabrizio Romano, Transfers