Florent Sinama-Pongolle has agreed to sign for Atlético de Madrid, but will then be loaned out immediately for a season to either Racing Santander and Benfica.
Los Colchoneros struck the deal because they want the French striker on their books, but only at the end of next term because they have agreed to sign Ricardo Oliveira.
The Brazilian still has to decide if the wants to go to Vicente Calderón on loan from Real Zaragoza and that is one reason the club were keen to have a back-up option.
If Oliveira agrees and does move then it could become permanent next summer should los Maños fail to win promotion back to the top flight at the first time of asking.
After travelling to Madrid on Tuesday, Sinama-Pongolle held further talks with Atleti the following day and underwent some of the required medical.
Now he is set to move away again with both Racing and Benfica interested in his services for a one year loan deal.
One player to be leaving the Spanish capital club is Braulio and he is set to sign for Zaragoza for €2m despite earlier reports that he had moved to Real Valladolid.
A transfer was in place with Valladolid for €1.6m, but the higher offer meant that talks were called off and a deal was quickly clinched to send him to la Romareda.
The merry-go-round with Atlético will continue with president Enrique Cerezo announcing that some surprise signings would now be made by the club.
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