AC Milan will announce later today where Ronaldinho will be moving.
A Press conference has reportedly been set for 17.00 UK time on Thursday in which Milan vice-president Adriano Galliani and Ronaldinho's agent, brother Roberto de Assis, will reveal the player's destination.
Ronaldinho declared he only wanted to join Gremio, the side where he started his career, but they are unable to pay the 8m requested by the Rossoneri.
Flamengo can provide the transfer fee and are in the running, but it looks as if Milan have reached a compromise.
"We hope to announce Ronaldinho is our player on Thursday," said Gremio Vice-President Antonio Vicente Martins.
"There is always the risk when other clubs are interested, but we are in agreement on everything. Ronaldinho will not go to Flamengo and we have no doubts over the negotiations."