Malaga are in talks with Southampton for Juanmi.
The striker has barely featured since joining Saints last summer and is being lined up for a return to Malaga next month.
Juanmi is keen on the move and AS says the two clubs have opened talks.
Saints boss Ronald Koeman won't stand in the striker's way, who would return to Malaga on a six month loan.
Malaga and Saints, however, will have to negotiate how to cover Juanmi's personal terms.