The deal for the striker will reportedly cost Villa an initial £14.75million.
“Aston Villa can confirm that an agreement has been reached with Chicago Fire for the permanent transfer of 19-year-old striker Jhon Duran,” read an Aston Villa statement
“The deal is subject to the player passing a medical, agreeing personal terms and obtaining the necessary work visa.”
Colombia international Duran made 22 appearances in the MLS for the Fire last season, scoring eight goals, and has played three times for his country.
Once the deal is completed he will become Villa’s second January signing after the arrival of full-back Alex Moreno from Real Betis last week.
Meanwhile, Aston Villa boss Unai Emery backed Emi Martinez after FIFA opened disciplinary proceedings against Argentina.
The world champions are in hot water following their celebrations after their final victory over France in Qatar.
Martinez was criticised for appearing to make a vulgar gesture with his Golden Glove award following Argentina’s penalty shoot-out win last month.
He was also filmed in the dressing room mocking France’s Kylian Mbappe, although FIFA has not named any individuals, with Argentina cited for potential misconduct of players and officials and offensive behaviour and violations of the principles of fair play.
Emery admitted he was not aware of the nature of any disciplinary action but reiterated his pride in Martinez.
He said: “It’s two different moments. One moment is for the national team in the World Cup, the other one is here.
“We have values and we try to be respectful, first with us, second with the opposing side and of course with the supporters.”
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