The young forward heads back to Andalucia...
While the price of the deal has not been announced, it is thought to be up in the range of €15 million, while the buyback option is valid for two seasons.
Negredo had been tipped to join Hull City or Real Zaragoza, but Sevilla moved in quickly for the powerful striker after their main target, Fred, committed himself to Fluminense.
The former Almeria man will arrive in Seville before the end of the day and will be presented at 13.00 (CET time) upon passing a medical with the club.
Negredo, who turned 24 years of age today, last season scored 19 Liga goals, bettering his tally of 13 from the previous campaign.
Prior to that he played in the third tier for his hometown club Rayo Vallecano before making the step up to the Real Madrid reserve side, for whom he scored 18 times in the 2006-07 Segunda campaign.
The 6'1" tall forward has yet to earn international recognition at any level, but a consistent run in the Sevilla side could see him deputise for the likes of Fernando Torres and David Villa.
Don't miss our full Alvaro Negredo profile.
Ewan Macdonald Goal.com