The Liverpool youngster has also been linked with Bristol City this summer.
The midfielder has now been granted permission to speak to the Canaries about a move this summer.
Their bid matches the one previously made by Championship rivals Bristol City, who are also keen on the Spaniard.
However he had been stalling on a move to Ashton Gate, likely in the hope that another club would make a move for his services.
He must now decide whether to stay at Anfield and see out the remainder of his contract, which has a year to run, or drop down into the second tier for regular first-team football.
According to the Liverpool Echo, Liverpool were keen to get him signed to a new deal but those talks quickly broke down as he demanded £10,000-per-week wages from the club.
Should he depart the club, he will join a growing list of young players to do so this summer.
Jordan Rossiter has opted to move to Rangers at the end of his contract, while Jerome Sinclair also secured a move to Watford as Jurgen Klopp reshapes the squad he inherited from Brendan Rodgers.