Bournemouth will allow defender Dean Huijsen to join Real Madrid before the Club World Cup in June.
The 20-year-old has already been subject of a £50m club-to-club agreement and that deal will allow the one-time Spain international to debut at the newly expanded tournament in the United States.
However, Madrid are still looking to finalise terms over a five-year contract but plan to schedule a medical as early as next Tuesday should talks conclude this weekend.
Madrid also hope sign Liverpool's departing right-back Trent Alexander-Arnold for the Club World Cup but have yet to agree an early release from his contract at Anfield which officially expires on 30 June.