According to Catalan outlet Sport, Barcelona talent Munir is set to join Italian side Torino after both clubs agreed a deal.
Last week it was reported that Newcastle United boss Rafael Benitez was interested in bringing him to St James's Park, as reported by The Guardian.
Crystal Palace boss Frank De Boer is also a "big fan" of the 21-year-old, according to Sport, but the Serie A outfit look in pole position to sign the Spaniard.
Munir, who was loaned to Valencia last season, would've been a very decent signing for Newcastle but fans of the North-East club won't be surprised to see another one slip through Benitez's net.
It has been a frustrating summer for the Magpies, with the Spanish manager - who has missed out on a number of his transfer targets - and Mike Ashley seemingly at loggerheads over a lack of financial backing from the owner.
With the transfer window closing tomorrow, Newcastle, who have lost two of their first three Premier League games this season, still have a bit of work to do if they want to ensure a successful return to the top flight, following a stint in the Championship last season.
Earlier today it was reported by The Daily Mail that United had asked about Besiktas striker Cenk Tosun, with Dwight Gayle linked with a late move away.