UPDATE Aug. 5, 2:58 pm ET: LAFC are getting closer to signing their third DP.

According to Kevin Baxter of the LA Times, the club have completed their big-money deal to sign Uruguayan teenager Brian Rodriguez from Penarol.

Hearing that the Brian Rodriguez deal with @LAFC is done. Perhaps a few details to clean up but the ink will be dry before the transfer window closes Wednesday. The Penarol player will probably be introduced to the supporters at Sunday's game — Kevin Baxter (@kbaxter11) August 5, 2019

TRANSFER TRACKER STATUS: Report

July 25, 5:41 pm ET: LAFC have an open Designated Player spot, and reports emerged throughout the Americas on Thursday that they have their sights on the player to fill that slot.

LAFC are said to be nearing a deal for Uruguayan attacker Brian Rodriguez, who currently plays for Peñarol, at a reported $11.5 million fee.

ATENCION...!#Peñarol vendió a Brian Rodríguez a @LAFC por 11.500.000 dólares en una transferencia récord. La negociacion la llevó acabo el Presidente Jorge Barrera con Isaac Alfie. #MLS @MartinCharquero pic.twitter.com/FQPkQgWnon — Elmer Polanco (@PolancoESA) July 25, 2019

Rodriguez, 19, is just breaking through in Peñarol's first team, the same club that LAFC young star Diego Rossi made his professional debut with. A versatile attacker, Rodriguez played in the 2019 U-20 World Cup in Poland for Uruguay, and is capable of setting up goals as well as scoring.

Stateside reports indicate a deal is not yet done for Rodriguez.

I’m told this deal is not done yet. But the sides are talking and @LAFC is optimistic https://t.co/0GR4ml35VD — Kevin Baxter (@kbaxter11) July 25, 2019

And ESPN's Taylor Twellman reported on Thursday that LAFC GM John Thorrington was in transit to complete the deal.

I’m told this deal is not done yet. But the sides are talking and @LAFC is optimistic https://t.co/0GR4ml35VD — Kevin Baxter (@kbaxter11) July 25, 2019

LAFC sit atop the Supporters' Shield standings at present, and will welcome Atlanta United to Banc of California Stadium on Friday (10 pm ET | ESPN in US; TSN2 in Canada).