http://seattletimes.com/html/soundersfcblog/2020049195_post_11.html

Reports: Colombia's Millonarios lining up a six-month loan for Fredy Montero
Posted by Joshua Mayers

UPDATE 10:03 a.m. -- Soccer By Ives is also reporting, through sources, that the Sounders have agreed to send Montero to Millonarios on the six-month loan previously reported by FutbolRed.com.

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Sounders FC forward Fredy Montero could be joining Colombia's Millonarios on a six-month long, according to a report out of the South American country.

FutbolRed.com is reporting that MLS has signed off on a potential deal, which according to the website's source, could be extended for all of 2013 and includes an option to buy for $4.5 million.

The Sounders had no update on a potential loan as of Tuesday morning, which is usually the case before something is made official. This particular move has been rumored for several weeks.

Montero, a 25-year-old native of Barranquilla, Colombia, still needs to return to Seattle to complete paperwork and agree to terms with Millonarios, the report said.

The draw of playing in Copa Libertadores, the South American equivalent of Champions League and one of the biggest tournaments in the world, was apparently a big draw for the Sounders' all-time leading scorer. Playing for the reigning Colombian champs in the event could help Montero's standing with the national team and garner attention of some of the top teams in the world.

Montero has been in South America during the offseason following his marriage ceremony. He has 60 goals for Seattle in all competitions, more than triple the next highest scorer (Steve Zakuani, 19).

It is unsure what the Sounders would get in return, perhaps some allocation money in addition to an open roster space and salary cap relief (admittedly, my knowledge of complex MLS rules regarding a DP loan are lacking).