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The midfielder will undergo a medical on Monday before the permanent deal is sealed.
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Mubarak Wakaso has reached an agreement to join Spanish top-flight side Deportivo Alavés.
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According to reports, the Ghanaian international is close to a move to the Basque club having spent last season on loan at Granada.
The 26-year-old, who was the books of Panathinaikos, has terminated his contract with the Greek giants to pave the way for the move.
Wakaso has spent the majority of his professional career in Spain, having previously played for Elche, Villarreal, Espanyol and Las Palmas, alongside a loan stint in Scotland with Glasgow Celtic.
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Brighton ere also said to be interested in Wakaso, but he now looks set for a move to Alaves after reaching agreement with the Spanish club.
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