According to reports from media citing insider sources, Wall Street financial giant Morgan Stanley (MS.US) is about to reach an agreement to purchase Spanish mortgage Assets worth up to 0.9 billion euros (approximately 0.94 billion dollars) from Banco Santander (SAN.US), which is headquartered in Spain.

Insiders indicate that the two banking giants are currently finalizing the specific terms of the agreement. Alantra Partners SA serves as the financial investment advisor for Banco Santander. Since the negotiations are conducted privately, anonymity is required. Insiders say that specific details may still change, and the Trade may ultimately fall through.

Representatives from the two commercial banks and Alantra Partners SA have declined to comment.

Additionally, reports from last month indicated that Morgan Stanley and AB CarVal Investors are in negotiations with CaixaBank SA to purchase a mortgage Assets portfolio worth approximately 0.5 billion euros, reflecting Morgan Stanley's keen interest in acquiring some valuable mortgage Assets.