Bournemouth are reportedly close to securing the loan services of Roma forward Juan Iturbe.
Recent reports claimed that the 22-year-old had arrived in London to undergo a medical ahead of a switch to Watford.
However, according to numerous outlets this afternoon, the Hornets have been gazumped by their Premier League counterparts.
It is believed that the Cherries have agreed to pay a £1.1m loan fee for the Argentine, with an option to buy him at the end of the season for £16m.
Further speculation has suggested that Watford were not prepared to go beyond £13m.