It's pretty much a given that Michu will be leaving Swansea City this summer, although talks between the Welsh club and the player remain ongoing, as both parties try to work out the best formula for the 29-year-old's departure.
Michu certainly has no shortage of options on the table from La Liga clubs, who are keen to offer the forward a chance to resurrect his career on home soil, following his disappointing and injury plagued spell on loan with Napoli in Italy last season.
According to a report from Wales Online this week, the biggest difficulty Swansea City will encounter is that none of the Spanish clubs linked with interest of late, will want to pay a fee to sign Michu, if they can avoid doing so. Likewise, they're unlikely to match the current salary he's earning.
Believed to be earning around £2 million a season at the Liberty Stadium, there's the real prospect Swansea City may have to take a substantial financial hit, in order to offload the player this summer and waive the remaining year of his contract.
Which La Liga clubs are interested?
Deportivo La Coruña were one of the first to express their interest in Michu, reported Diario AS, with the Galician club keen to bolster their attacking options, if personal terms can be agreed with the player.
Rayo Vallecano, the club Michu originally joined Swansea City from for £2 million in 2013, are hoping that the player can be lured back to Vallecas. Of course, it was his stellar 2012-13 season with Rayo that lead to his exit to the Premier League.
Although it's fair to say that Rayo will struggle to match his current salary, they are hoping they can offer Michu the opportunity to recapture some of the glory, which lead to him leaving them for the Premier League.
Following the departure of captain Sergio Garcia, along with the possible exit of Uruguayan forward Christian Stuani, there's more than just passing interest from Espanyol to sign Michu, say Mundo Deportivo, who certainly need to make attacking reinforcements.
The latest club to be linked is Granada, who have Michu's former manager at Rayo Vallecano, Jose Ramon Sandoval. Like the other La Liga clubs, they won't want to pay a transfer fee if they can avoid it, although their finances are much healthier than those of their rivals.
Sandoval could also prove a key factor, after he admitted to radio network Onda Cero he'd welcome the chance to work with the player again. What's more, sources at Granada have confirmed to HITC Sport, that the club are involved in negotiations with Michu's representatives.
What's next for Michu?
All the clubs who are interested want to incorporate Michu as swiftly as possible, because they've already begun their respective pre-season schedules.
At this stage, it's difficult to say which of those listed clubs he'll choose. The contract terms on offer, the financial incentives and the ambition of the projects proposed, will all be important factors when the player makes his decision.
Personal choice will certainly feature in his thoughts. The affinity towards Rayo Vallecano could prove a boost to their chances of Michu returning. Vallecas was the venue where he demonstrated his best performances and tally of goals in Spanish football.
Likewise, Deportivo La Coruña might be hindered by the fact he once played for Celta Vigo, therefore signing for the bitter rivals of a club he once played for, may not appeal.
As for Espanyol and Granada, both will need to assure Michu he'd be a key player, whilst also demonstrating their ambitions for the 2015-16 campaign in La Liga.
Current expectations are that this coming week could prove decisive, so if Swansea City and Michu can resolve their differences amicably, his destination in La Liga could well be revealed.