Atletico officials this week met with Gremio representatives to discuss a possible deal for the 24-year-old, which would not take effect until January due to the Spanish club's transfer ban for signing minors, Xinhua news agency quoted the Uol portal as reporting on Friday.
Luan, who was a member of the Brazil team that won the gold medal at last year's Rio Olympics, has scored 14 goals in 28 matches across all competitions for Gremio this year.
He was rewarded for his fine form last week by being included in Brazil's national team for the World Cup qualifiers against Ecuador and Colombia.
Gremio are said to have placed a 25 million euro ($29.4 million) price tag on the Brazilian, who has also been linked with Spartak Moscow, Sampdoria and Fenerbahce.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.