Real Sociedad striker Alfred Finnbogason has been given the green light by his manager, David Moyes, to seek a loan move away from the Anoeta for the 2015-16 season.
Bolton Wanderers were considered one of the favourites to complete a move after talks were held over recent weeks, but now it appears they have missed out, with the Iceland international set to complete a loan move to Greek outfit PAOK, according to Spanish sports daily AS.
They report that negotiations between Thessaloniki based PAOK and Real Sociedad are at a very advanced stage, with an agreement between the clubs on a €1 million loan deal, which may also include an option for the Greek side to make the move permanent.
This option to buy clause for PAOK is said to be around the €7.5 million Real Sociedad originally paid for the centre-forward, when they signed him last summer from Dutch side Heerenveen.
Regarding personal terms, PAOK will also reportedly match the salary Finnbogason is currently earning with Real Sociedad, which had been regarded as a major stumbling block for Bolton Wanderers, who were offering to cover a percentage.
Finnbogason struggled to adapt well in La Liga, following his move from the Eredivisie and Heerenveen, where he had been the leading league scorer during the 2013-14 season.
During the 2014-15 campaign with Real Sociedad, the 26-year-old made just 11 starts in all competitions, within a total of 31 appearances and managing a return of just four goals.