Granada have taken an important step ahead of their La Liga rivals in the chase for Michu, according to newspaper Granada Hoy, who report the player as now being close to completing a move to Nuevo Los Carmenes.
However, there is a particular caveat, given that Granada are hoping the 29-year-old Spaniard will secure his release from Swansea City for free, if the option to do so exists.
A similar situation was encountered last summer, when Granada were trying to secure the services of Ruben Rochina from Blackburn Rovers. On that occasion, patience played a key role in the player eventually joining, and whilst he didn't eventually arrive on a free transfer as hoped, just a small nominal fee was paid to the Lancashire club.
Granada manager Jose Ramon Sandoval is keen to work with Michu again though, following their excellent working relationship at Rayo Vallecano, commenting to radio network Onda Cero: "I'm interested in Michu's situation because he'd be very good for us, so we'll see if he can rescind his contract with Swansea."
At the moment, that is essentially the next step for Michu to finally secure his permanent departure from the Liberty Stadium, given indications that he's just as keen to work with Sandoval once more, as his former manager is to have the forward in his Granada squad for the 2015-16 campaign in La Liga.
Granada aren't hiding their interest, or their level of confidence that Michu shares the same level of interest in joining them. For now though, Swansea City hold all the cards and it will boil down to whether they're willing to let him go for nothing, or demand a transfer fee.
Rayo Vallecano were hoping to tempt Michu back to Madrid, as were Getafe in the south of the Spanish capital. Galician side Deportivo La Coruña were also linked, but the forward seems now set to be heading much further south instead.