Manchester City striker Roque Santa Cruz admits he could sign permanently with Malaga.
Santa Cruz is also interesting with Botafogo.
"The interest does exist and I'm aware of it," Santa Cruz told Paraguayan radio station Radio La Nueva rgs.
"My agents are analysing this possibility that has appeared and there are some talks.
"It's a very big club, I'm flattered by their interest. It's always important to be wanted by a club of such size.
"I am also having conversations with Malaga, but I am not going to renew my contract with Manchester City. I'll be a free agent."