According to Sky Sport Italia, Osvaldo will arrive in Turin on loan until the end of the season with an option to buy set at between 18 and 20m euros.

The report added the deal includes clauses relating to appearances and goals that would benefit the Premier League side.

Osvaldo's return to Serie A would come as little surprise, given his turbulent season at the southern English club.

Southampton, who signed Osvaldo from Roma on a four-year deal worth 15.1m euros in the summer, recently suspended him for two weeks after a reported training ground clash with team-mate Jose Fonte.

Earlier this month Osvaldo was suspended by the Football Association for three matches following his part in a touchline brawl at Newcastle on December 14.

Osvaldo has scored four times for the Saints since his pre-season arrival from Roma for a Southampton record �12.8 million ($21.2 million, 15.8 million euros).

Earlier Thursday Juventus striker Fabio Quagliarella, used sparingly by coach Antonio Conte, reportedly turned down the chance of a move to Premier League side Cardiff.

However the expected arrival of Osvaldo, which would add to an already ample forward line which notably features Fernando Llorente, Carlos Tevez and Sebastian Giovinco, could help change Quagliarella's mind.