AS Monaco have reportedly reached a verbal agreement to sign Mexican midfielder Erik Lira from Cruz Azul.
The deal is understood to be worth €8 million upfront, with another €3 million possible in add-ons.
Monaco still need to create an additional squad spot before the transfer can move to the signing stage.
AS Monaco are closing in on the signing of Mexican midfielder Erik Lira after reaching a verbal agreement with Cruz Azul over a deal that could eventually be worth €11 million.
The French club are understood to have agreed to pay €8 million for the midfielder, with a further €3 million available to Cruz Azul through performance-related add-ons.
Read original: BendelNews
Monaco One Step Away From Lira Deal
The transfer has reportedly reached an advanced stage, with the financial terms between Monaco and Cruz Azul already agreed verbally.
A 20 percent sell-on clause is also included in the proposed agreement, giving Cruz Azul a share of any future transfer fee if Lira is sold by Monaco.
However, the move is not yet ready for the final paperwork.
Monaco must first free up an additional squad spot before the club can proceed with the next stage of the transfer.
Final Hurdle Before Signatures
Once the French club creates the required space, the agreement is expected to progress to the formal documentation and signing stage.
That means Lira's move to Ligue 1 could soon become official if Monaco complete the remaining administrative step.
The midfielder's potential arrival would give Monaco another option in midfield as the club continues to strengthen its squad.
Why the Deal Matters to Cruz Azul
For Cruz Azul, the proposed agreement provides an immediate transfer fee while also leaving the Mexican club with a financial interest in Lira's future.
The €8 million initial payment could rise to €11 million if the agreed add-ons are triggered, while the 20 percent sell-on clause could provide Cruz Azul with another potential financial return later.
For now, however, Monaco's need to free a squad position remains the final obstacle standing between the verbal agreement and the signing of the transfer documents.