Manchester City have an agreement with Sheffield Wednesday teen Caelan-Kole Cadamarteri.
City have agreeed a compensation fee with Wednesday for the 15 year-old rising to £1.5m.
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The Daily Mail says City will pay an initial £900,000 up front.
Cadamarteri is the son of former Everton star Danny Cadamarteri and was Wednesday U18s' top goalscorer last season with 24 strikes.
Cadamarteri's older brother Bailey-Tye, 20, also plays for Wednesday, where their father is an assistant coach with the club's U18s.