The Uruguayan midfielder is only a few details away from leaving Tijuana for the Sicilian side, with a fee of around €3.5 million being speculated by Mexican mediaPalermo look set to sign Uruguay international Egidio Arevalo from Mexican club Tijuana after failing to secure his services in January.
The Italian club reportedly reached an accord with the 29-year-old on Tuesday, and now both boards are close to agreeing a fee, with Rosanero sporting director Luca Cattani currently believed to be in Mexico to close the deal.
"Palermo have a financial agreement with Egidio, and now we have to close the deal between both clubs," Ignacio Palou, Tijuana's sporting director revealed to Radio 1550.
"It's hard not to give a player the chance to move to Europe," Palou stated, but added that he will also try to cater for Arevalo's "best interests".
According to the Mexican press, Palermo will pay around €3.5 million for the services of the former Penarol man, who has agreed terms on a three-year contract worth €1m per season.
Arevalo, a defensive midfielder, was part of the Uruguay team that finished fourth in World Cup 2010 and won the 2011 Copa America in Argentina.