The Brazilian has reached agreement over personal terms with the Bundesliga outfit but his current employers have agreed to sell him to another club
However, the French club have yet to agree on the sale price with the Gelsenkirchen outfit and their president, Jean-Michel Aulas, has revealed that he has an agreement to sell the player to another club.
"Michel has agreed with Schalke, but we have agreed a deal with another club which has not been mentioned in the press," he told BeIN Sport.
"He will probably leave in any case. We did not want to take chances."
In regards to Lisandro Lopez, who in recent weeks has been linked with a move to Italian giants Juve, Aulas confirmed that the player will not be leaving the Stade de Gerland.
"Lisandro will not leave. He is an essential player for us that is why we said 'no' to Juventus," he added.