Report: Gago awaiting Real transfer.

Boca Juniors midfielder Fernando Gago has agreed to personal terms with Real Madrid and is waiting for the clubs to reach an agreement on his transfer.

Madrid sports director Predrag Mijatovic has asked Gago's agent, Marcelo Lombilla, to press Boca Juniors president Mauricio Macri to allow the player to move during January's transfer window, sports daily As said Thursday.

Macri, who is reportedly asking for $34.2 million for the 20-year-old midfielder, wants him to remain until June so he can play in the Copa Libertadores.

Madrid president Ramon Calderon hopes to complete Gago's transfer before the club's general assembly on Sunday.

Calderon is said to believe the Argentine's arrival would help him resist calls for new elections from members annoyed by the freezing of postal votes in the July poll.

However, Macri ruled out the imminent transfer of Gago, who has been compared with former Argentina midfielder Fernando Redondo, who won the Champions League in 1998 and 2000 with Madrid.

"It's impossible for Madrid to present Gago on Sunday or announce his signing because there is no deal between the clubs," Macri told Radio La Red.

Madrid recently signed 18-year-old left back Marcelo from Fluminense, and is said to be aiming to sign another teenager, River Plate striker.