Citing unnamed sources the newspaper said Barcelona had agreed to pay Dortmund 120 million euros (A$180 million) and up to 150 million euros (A$224 million) depending on performance bonuses, making it the second most expensive signing ever.
The paper reported the deal was struck in Monaco where both teams' representatives were present for the UEFA Champions League draw. It was unclear if contracts had been signed.
Brazil star Neymar joined Paris Saint-Germain from Barcelona in a world record move worth 222 million euros (A$331.6 million) earlier this month.
France international Dembele, who joined Dortmund last year from Stade Rennes in a 15-million euro (A$22.41 million) deal running to 2021, had been forcing his move to Spain and had missed training earlier this month, leading to his suspension.
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