Arsenal and Tottenham could both strike deals with Boca Juniors
Boca are looking to buy Ospina for just £6 million, with the goalkeeper's chances further dented by Bernd Leno's arrival at The Emirates.
Boca making a move for Ospina could hasten the sale of his Colombian teammate, Wilmar Barrios, who has been linked with Tottenham.
The Argentine side have a very limited number of foreign players they can use in their squad, and they are already at the limit.
Ospina's arrival would mean a foreign player has to exit, and Barrios is the lead candidate because he could fetch the highest figure.
The Sun first reported Tottenham's interest in the £25 million midfielder before the World Cup, and links have persisted since.