Inter Miami partner Jorge Mas, who part owns the club with David Beckham, is seeking a new venture.
According to El Heraldo in Spain, Mas is close to acquiring Real Zaragoza in the coming weeks.
The club has debt of roughly £60 million, but that has not deterred the investor.
The source claims that he will also invest roughly £15 million to try and get the team back into La Liga.
Zaragoza are currently 16th in La Liga 2, seven points away from the relegation zone.