Celtic reportedly bid for the player earlier in the week.
Celtic have recently been linked with moves for several strikers, after John Guidetti's departure from the club.
One name that popped up was Juan Delgado. The Chilean youngster was linked with a move to Celtic in the Spanish press recently, with Diario AS stating that Celtic had submitted a bid for the Colo Colo talent.
Now it is being reported in Chile that this mystery bid has been accepted and that Delgado is on his way to Glasgow.
It is reported by Si Futbol in Chile that the talent is 'about to pack up and start a new adventure across the pond hand Celtic Glasgow in Scotland.'
Of course the reports are sketchy at the moment, so Celtic fans would certainly do well not to consider this as anything like official confirmation of his impending arrival.
Delgado, who has five caps and one goal for the Chile national football team, is not in their squad for the Copa America this summer so is free to make a move whenever.
He scored eight goals in 37 appearances for his club last season but is considered to be on of Chile's hottest talents.