Neymar will head to Barcelona this summer for a fee of €50 million according to Punto Pelota, with David Villa on his way out of the Camp Nou.
Neymar has repeatedly insisted he would stay in Brazil with Santos until after the 2014 World Cup despite reports otherwise.
However Barcelona are believed to have made a down-payment on the 21-year-old - who has a bourgeoning reputation as one of the finest young talents in world football - of around €10 million.
And according to Punto Pelota, Barcelona will pay a further "€30 or €40 million" to make the deal happen this summer rather than after the 2014 World Cup as had originally been planned.
Barcelona confirmed on Sunday that director of football Andoni Zubizarreta was due to travel to New York this week to visit manager Tito Vilanova, who is in America receiving hospital treatment.
Punto Pelota claim that top of their agenda was Barcelona's summer transfer activity, with Zubizarreta confirming plans to land the Brazilian starlet in the summer.
The Spanish TV show also suggest that Borussia Dortmund's Mats Hummels remains a target for the Catalan club, and that a new goalkeeper to replace the out-going Victor Valdes should also arrive in the summer.
A move for Neymar, who has been linked with a switch to Bayern Munich to work with former Barca boss Pep Guardiola, could spell the end for David Villa, who was reportedly close to a move to Arsenal during the January transfer window.
Whether the Gunners boss Arsene Wenger makes a move for Villa in the summer remains to be seen, but previous reports suggest the former Valencia man is likely to be on his way out of the Camp Nou regardles of whether Neymar arrives or not.
Villa has found game-time hard to come by this season, and although he scored in the 6-1 demolition of Getafe on Sunday, the 31-year-old striker suffered a further setback after he was diagnosed with kidney stones yesterday.