The Greek outfit have accepted an offer from the Premier League club believed to be in the region of £12.5m, according to Sky Sports News.
Olympiacos previously downplayed reports that Mitroglou was bound for Fulham, but admitted that talks between the two clubs are ongoing.
The Greece international has 17 goals in 19 appearances this season.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Liverpool | 21 | 15 | 5 | 1 | 50 | 20 | 30 | 50 |
| 2 | Arsenal | 22 | 12 | 8 | 2 | 43 | 21 | 22 | 44 |
| 3 | Nottingham ForestNott'm Forest | 21 | 12 | 5 | 4 | 30 | 20 | 10 | 41 |
| 4 | Newcastle UnitedNewcastle | 22 | 11 | 5 | 6 | 38 | 26 | 12 | 38 |
| 5 | Chelsea | 21 | 10 | 7 | 4 | 41 | 26 | 15 | 37 |
| 6 | Bournemouth | 22 | 10 | 7 | 5 | 36 | 26 | 10 | 37 |
| 7 | Aston Villa | 22 | 10 | 6 | 6 | 33 | 34 | -1 | 36 |
| 8 | Manchester CityMan City | 21 | 10 | 5 | 6 | 38 | 29 | 9 | 35 |
| 9 | Fulham | 22 | 8 | 9 | 5 | 34 | 30 | 4 | 33 |
| 10 | Brighton & Hove AlbionBrighton | 21 | 7 | 10 | 4 | 32 | 29 | 3 | 31 |
| 11 | Brentford | 22 | 8 | 4 | 10 | 40 | 39 | 1 | 28 |
| 12 | Crystal Palace | 22 | 6 | 9 | 7 | 25 | 28 | -3 | 27 |
| 13 | Manchester UnitedMan Utd | 21 | 7 | 5 | 9 | 26 | 29 | -3 | 26 |
| 14 | West Ham UnitedWest Ham | 22 | 7 | 5 | 10 | 27 | 43 | -16 | 26 |
| 15 | Tottenham HotspurSpurs | 21 | 7 | 3 | 11 | 43 | 32 | 11 | 24 |
| 16 | Everton | 20 | 3 | 8 | 9 | 15 | 26 | -11 | 17 |
| 17 | Wolverhampton WanderersWolves | 21 | 4 | 4 | 13 | 31 | 48 | -17 | 16 |
| 18 | Ipswich TownIpswich | 21 | 3 | 7 | 11 | 20 | 37 | -17 | 16 |
| 19 | Leicester CityLeicester | 22 | 3 | 5 | 14 | 23 | 48 | -25 | 14 |
| 20 | Southampton | 21 | 1 | 3 | 17 | 13 | 47 | -34 | 6 |
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