Chelsea and Manchester City's long-term pursuit of Edinson Cavani looks to have been in vain after Paris Saint-Germain agreed to pay the Napoli striker's £54million release clause, reports the London Evening Standard.
The Uruguay international has been the subject of intense transfer speculation all summer, with Real Madrid also credited with an interest in the 26-year-old's signature.
However, PSG boss Laurent Blanc now looks to have won the race to sign Cavani, after the Ligue 1 club's sporting director Leonardo arrived in Naples last night to conclude a deal with the Serie 'A' outfit.
"Cavani is a player that I love, like a lot of people," said Blanc. "I saw him play several times with Naples and Uruguay and should he be part of the Parisian team, I would be very happy."
Jose Mourinho is a known admirer of the South American forward, and was reportedly keen to bring him to Stamford Bridge this summer.
Chelsea officials met Cavani's representatives last month to discuss the possibility of a Premier League move, and were understood to have agreed wage demands - in the region of £160,000-a-week - with the player.
However, the Blues refused to meet Napoli's valuation of the striker, nor were they open to allowing Brazilian midfielder Ramires leave west London as part of the deal.
Manchester City were also thought to be in the running to sign Cavani, but the sacking of former manager Roberto Mancini effectively ended the club's chances of bringing the Napoli ace to the Etihad Stadium.
Terms between Cavani and PSG have been agreed since March, and the Uruguayan now looks set to arrive at Parc des Princes in the coming weeks.