According to a new report from Spanish outlet Sport, Barcelona have agreed a deal with the Ecuadorian club for Caicedo, 19.
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Although it’s not been made official just yet, the move is said to be an initial loan with an option to buy for €2.5 million.
Caicedo has already agreed personal terms, and should Barcelona decide to trigger the option, he will sign for four-years.
LDU Quito will retain a 20% sell-on clause, for the left-winger, who is now expected to play in Barcelona’s youth set-up.