The Colombian has been linked with Arsenal and Manchester United over recent weeks, and the in-demand striker is close to securing a move to "a big European club" who will pay £25.5million, according to his agent.
"Jackson's future is already pretty much decided," Luiz Henrique Pompeo told O Jogo.
"Things should be clarified in the next few days. He'll go to a big European club, which will be announced as soon as the contract is signed.
"From what's been agreed, Porto will receive the 35m euros from the release clause.
"Negotiations have been underway for a few weeks, there are still some details to be sorted out, and then Jackson Martinez's departure from Porto can become a reality."
AC Milan are among the clubs chasing the signature of the 28-year-old, who has scored 92 goals in 132 games for Porto, with Adriano Galliani having been in Portugal this week to discuss a possible transfer.
But the Milan vice-president admits his club have work to do if they are to persuade Martinez to join the Rossoneri.
"It's a difficult negotiation. There are several clubs interested in the player and his will be crucial," Galliani told La Stampa.
Source: football365.com
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