Arsenal, Tottenham and Everton had been heavily linked with the 21-year-old in the recent past, but he has chosen to continue his development in Italy
Roma have wrapped up a €38 million (£34m/$44m) deal for Brazilian forward Malcom, with both the Italians and Bordeaux confirming that the former Arsenal, Tottenham and Everton target is heading for Italy.
Interest from England in the 21-year-old built steadily during the January transfer window, with Premier League sides seemingly leading the hunt for a much sought-after talent.
Arsenal and north London rivals Spurs were, however, made aware that no deal would be done over the winter as Bordeaux sought to retain a prized asset through to the end of 2017-18.
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They were prepared to admit that a summer deal could be done, and Malcom is now on the move.
Roma have invested a sizeable fee in the youngster, with the agreement they have reached including a number of bonuses which require certain criteria to be met.
They will be happy to pay out if Malcom stars in Serie A, with those in the Italian capital having already bolstered their creativity ranks with the signing of Javier Pastore.
There is money to spend at Stadio Olimpico, with Roma having recently sanctioned the £65m (£85m) sale of goalkeeper Alisson to Liverpool.
Another Brazilian has now been brought onto their books after seeing one depart, with Malcom set to sign a five-year contract.
Roma posted in a statement on their official social media channels: “AS Roma confirms that it has reached an agreement with Bordeaux for the transfer of the player Malcom.
“The operation will be ratified following the successful completion of a medical.”
Goal understands that Everton also tabled an offer once a scramble for Malcom’s signature was sparked, but he has opted to further his development in Italy.