Barcelona director of football Raul Sanllehi is in Sao Paulo to close the €27m transfer of Neymar to the Nou Camp, according to reports in Brazil.

Sanllehi led negotiations back in 2011 when Barcelona almost clinched the signing of the Santos star for €55m before Real Madrid interest scuppered the move.

The report claims Tito Vilanova's side are keen not to repeat the mistake, and the terms of the deal were discussed with the president of Santos, Rodrigues Odilio, at a meeting in Madrid last week.

Sanllehi is now in Brazil hoping to seal the transfer, with Barca hopeful an announcement can be made as early as next week.

A fee of €27m has reportedly been agreed - a low figure that reflects Santos's weak negotiating position.

When Neymar signed his last contract, his valuation was set at €65m. But with that expiring at the end of the 2014 season, his market value has dropped to €21.6m - a 66 per cent drop as Neymar has just one third of his contract remaining.

And the report claims that Santos could even lose the Brazilian international for nothing after the World Cup next season.

Barcelona would be free to begin talks with Neymar in January over a pre-contract deal that would see him move to the Nou Camp in the summer of 2014.

The contract offer on the table from Barcelona reportedly runs until June 2018, with an annual salary of €7m.

Neymar would also be entitled to keep 100 per cent of his image rights. Santos currently get 10 per cent of his advertising earnings, while Real Madrid typically negotiate for 50 per cent.

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