Barca are pushing to ferry the 17 year-old Egyptian striker to Spain in January.
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Kora Plus says Barca are offering a six-month loan deal with a subsequent purchase option for €4m.
One million would be paid directly to Egyptian club Al Ahly, with the remaining three million potentially coming through performance-related bonuses.
However, no agreement has yet been reached between the clubs, with Al Ahly reportedly demanding a higher transfer fee.