Scottish giants Celtic are reportedly set to sign Jota on a permanent deal for €7.5m (£6.3m).
The 23-year-old – who was recently named in the PFA Scottish Premiership Team of the Year – has excelled for the Hoops since joining on loan from Benfica last summer, contributing to 24 goals in 37 appearances across all competitions.
Jota netted his 12th strike of the campaign in the 1-1 draw at home against Old Firm rivals Rangers last weekend.
According to journalist Barry Anderson, Celtic are expected to activate the £6.3m buyout clause in Jota's deal, which will see the attacker move to Parkhead permanently this summer.
The Portugal Under-21 international is understood to have informed his parent club Benfica that he wishes to remain in Glasgow and commit his future to Celtic.
The prospect of playing Champions League football with Celtic next season is likely to have been a factor in Jota's decision, with the Hoops currently sitting six points clear at the top of the Scottish Premiership with just three games remaining.
Celtic are also understood to be working on a deal to recruit centre-back Cameron Carter-Vickers on a permanent deal, and talks with Tottenham Hotspur are believed to be at an advanced stage.