Atletico Madrid close to signing Osvaldo from Espanyol

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Atletico Madrid are close to signing Argentine striker Pablo Osvaldo from Espanyol, according to media reports on Wednesday.

Espanyol have agreed a fee of around 17 million euros (24.5 million dollars) for Osvaldo, who has scored 20 goals in 44 games for Espanyol since joining from Italian club Bologna in January 2010, the reports said.

Atletico are also interested in Porto's Colombian striker Radamel Falcao. According to media reports, they could sell veteran Diego Forlan if they manage to clinch the signings of Osvaldo and Falcao.