Isco is in advanced talks to sign for Rayo Vallecano.
Released by Sevilla before Christmas, the Spain midfielder has remained off contract.
Isco held talks with Mainz and Turkish clubs, but the former Real Madrid star chose to sit out the remainder of the season.
He is now in talks with Rayo and feels ready for a playing return.
Mundo Deportivo says the choice is motivated by two factors: less media pressure and the desire to show he can still be decisive in the Spanish championship.