The recently-promoted Premier League club already broke the bank to sign Australian goalkeeper Mathew Ryan from Valencia for £5.2 million before stumping up around £10 million for Davy Propper from PSV.
Now, according to the club’s official website, the Seagulls are close to completing the signing of the former Deportivo Pereira and Once Caldas player, who joins from Club Brugge.
The two clubs have agreed terms for the transfer of the 25-year-old, who has two national team caps.
His deal is subject to a medical, the necessary work permit, and international clearance, say the club.
Brighton boss Chris Hughton said of the transfer: “Jose is someone we have been aware of for sometime and has been one of the standout players in the Belgian league over the past three years.
“He’s been an exciting player for Club Brugge and in the season he helped the club win the title in 2015/16, he was also Belgium’s Player of the Year.
“Jose has good experience with almost 250 senior games in both Colombia and Belgium, and has played in the Europa League, Champions League and international football, having made his debut for his national team this summer.”
With Brugge, Izquierdo has won the Belgian Cup, the Belgian League and Belgium’s Player of the Year Award.