Vazquez is a free agent after coming off contract following the Club World Cup.
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The veteran wing-back was expected to move within the LaLiga, but Okdiario says Vazquez is now set to sign with Bayer.
Vazquez will sign a two-year deal to 2027 with Bayer.
The 34 year-old chose to commit to Bayer thanks to their Champions League campaign this season.
