Juan Cuadrado could start next season at Manchester United, Barcelona or Fiorentina and the Colombian star's club are keen to resolve his future.
After a superb 2013-14 campaign followed by an impressive World Cup, Cuadrado has become hot property and has been frequently linked to Manchester United and Barcelona.
Fiorentina co-owned Cuadrado last year but they bought out the remaining 50 percent share from Udinese and now have complete control.
However, it is widely believed that the Tuscan side won't be able to resist should a mega bid of around £30 million arrive and the player decides he wants to leave.
The Italian website insists that the Italian holiday of Ferragosto, celebrated on August 15, is the date in question and Fiorentina are expecting a concrete bid from Man United and to know Cuadrado's wishes before that.
Cuadrado is scheduled to meet Fiorentina owner Andrea Della Valle shortly and reports suggest that he will be offered a new contract with improved terms should he opt to stay.
However, either Barcelona or Manchester United would be able to trump any offer Fiorentina can put on the table.
Cuadrado's agent Alessandro Lucci is expected to fly to Manchester shortly to try and bring back an offer after meeting with Fiorentina director Eduardo Macia.