Bologna's owners have agreed to sell their 80 per cent controlling stake in the Serie A club to Albanian oil magnate Rezart Taci.
"Aktiva Spa has reached an agreement to sell the controlling stake in Bologna FC to a company headed by Rezart Taci," read a statement on the club's official website.
"The agreement will be finalised in the first week of August."
Aktiva Spa is the company through which the family of President Francesca Menarini controls the seven-time Italian champions, who scraped to safety in May having returned to the top flight after three years.
The Menarini family, who only took over the club following their promotion last summer, are selling up after angering Rossoblu fans by talking to disgraced former Juventus director Luciano Moggi about a possible consultancy role at the Emilia-Romagna outfit.
Moggi has been banned from football for five years for his role in the 2006 Calciopoli referee-influencing scandal, in which Juve were demoted to Serie B, and the prospect of him working with Bologna quickly evaporated when the news came out.