Las Palmas chief Miguel Ángel Ramírez admits they'll lose Sergi Cardona in 2024.
The young defender is off contract in June and a target for Atletico Madrid.
Ramirez told the club's shareholders this week: "He will not continue at UD Las Palmas. He is a player who has given such a high level that, with the teams that want him, we cannot compete with them.
"He is also a player from our youth team."
Cardona is expected to see out the season with Las Palmas before departing.