The deal is all but complete as Baptista gets set for Brazil, according to La Opinion de Malaga.
Baptista has enjoyed an impressive stint in European football, starring for Sevilla, Real Madrid and Arsenal before joining Malaga.
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Liverpool have unveiled their new home kit for next season, sticking with the hugely popular retro styling of the current shirt.
The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.