Chinese billionaire Wang Jianlin is poised to buy a 20 percent stake in La Liga Champions Atletico Madrid worth an estimated €40 million according to AS.
Atleti CEO Miguel Angel Gil Marin will travel to China to sign the agreement in Beijing on Wednesday.
The investment could bring changes to Atleti but one player who can rest assured that he will still have a place in the team is Arda Turan.
Jianlin was reported as saying that his favourite Atletico Madrid player is Turan to Spanish newspaper El Mundo.
The Chinese businessman has an estimated fortune of €20 billion, according to Forbes.
The Rojiblancos have been trying to open the club brand to Asian markets and also recently signed a deal with Azerbaijan.
Foreign investment has been increasing in Spanish football recently, the Qatari royal family bought Malaga in 2010 and Singapore billionaire Peter Lim bought a majority stake in Valencia.
Real Madrid and Barcelona also have deals with investors from Qatar and the United Arab Emirates.