Adalberto Penaranda could join Watford in January.
The young attacker is on-loan at Udinese, but has struggled for minutes this season.
Penaranda's management has confirmed he could be again on the move in the New Year.
The youngster has been linked with a loan switch to Sevilla, however Estadio Deportivo says such an option is a non-starter.
Instead, the former Granada star could end up at Watford for the second-half of the season.