The Lions have already bolstered their midfield this summer by roping in Boubacar Kamara, beating off a host of sides to land him on a free transfer.
However, Aston Villa boss Steven Gerrard is keen to make further additions in the middle of the park, with the likes of Douglas Luiz linked with an exit.
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The Midlands outfit have zeroed in on FC Porto midfielder Otavio as a potential target in the ongoing window.
And according to Portuguese daily A Bola, Aston Villa are gearing up to table an offer to snap up the 27-year-old.
Aston Villa are ready to offer €30m for Otavio’s services with a further €5m in bonus payments.
The Portugal international has a €60m release clause in his current deal at FC Porto and they are claimed to have rejected a €30m offer from Leeds United for his services earlier this window.
Porto coach Sergio Conceicao sees Otavio as a key player in his squad and it remains to be seen whether Aston Villa will hand him an opportunity to move to the Premier League.