Real Madrid president Florentino Perez has announced that the club will present Isco to the supporters next week.
The Malaga playmaker has been repeatedly linked with a move to Manchester City to join up with former coach Manuel Pellegrini.
However, AS quotes Perez as saying: "There is an agreement with the club and the player.
"Isco will be presented next week, just need to overcome the medical examination."
The 21-year-old was part of the Spanish side that won the Under-21 European Championships recently.
