Barcelona is showing concrete interest ahead of the summer market.
Deco, Barca's sporting director, is said to have met Olmo's agents and father on Wednesday to discuss a transfer.
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However, they're not alone in the pursuit of Olmo - as Mundo Deportivo says Manchester United and Bayern Munich are challenging for Spain attacker this summer.
It has previously been reported that Olmo has a buyout clause of 60m.