Juan Cuadrado will sit down with Fiorentina officials on Friday to make a final decision on his future, reports Mundo Deportivo.
The talks will come as a response to continued interest from Manchester United and Barcelona with the latter believed to be preparing a £32 million offer for the Colombian star. The aim of the meeting is to make a final decision on his future.
A bidding war
Fiorentina are keen to keep the 25-year-old at the club after purchasing his full rights from Udinese for a reported £10 million. However, the club accept that the player is being tempted by moves elsewhere and will cash in if an exceptional offer is made.
Both Barcelona and Manchester United have launched what they believe are substantial offers. The offer coming from La Liga is believed to be around €40 million while Manchester United have matched that offer with a further €10 million in potential add-ons.
Cuadrado is expected to tell Fiorentina that he would like to negotiate with interested parties. Barcelona are already believed to have agreed a five-year contract with Cuadrado's representatives, giving them the upper hand over Louis van Gaal.
Barcelona will double Cuadrado's wages as well as offering bonuses for individual and team achievements over the length of the contract. However, Manchester United have the funds to match Barcelona's offer, but, unlike the Spanish giants, can't add Champions League football to the mix.
Barcelona are currently on standby, waiting for the result of the talks. They are hoping Cuadrado will convince the club to lower their asking price, believed to be around €50 million.
Manchester United's offer obviously comes closest, but Cuadrado would seemingly prefer a move to Barcelona. In fact some reports claim that Manchester United are just being used to draw more money from Barcelona.
Thomas Vermaelen battle
It appears that both club's priorities lie in sealing a deal for Arsenal captain Thomas Vermaelen. Barcelona have sent officials to London to try and wrap up a deal, but Manchester United are preparing a bigger bid to convince Arsene Wenger to sell to a Premier League rival.
Both Barcelona and Manchester United have fragile defences with Carles Puyol, Nemanja Vidic and Rio Ferdinand departing the respective clubs this summer.