According A Bola, Diego Simeone’s side are now ready to meet Sporting’s demand for a guaranteed €40 million fee, with additional performance-related bonuses expected to form part of the package.
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Sporting president Frederico Varandas has remained firm in negotiations, but a breakthrough is believed to be close as both clubs look to finalise the transfer in the coming days.
Atletico are eager to complete the deal before Sporting depart for their pre-season training camp on 11 July, allowing Simeone to integrate the Danish international into his squad.
Hjulmand, 26, has established himself as one of Sporting’s key players since arriving from Lecce, captaining the side and earning widespread praise for his leadership and midfield quality.