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Mr Bhatia met up with Juventus officials in Manchester earlier this week ahead of their Champions League Final against AC Milan at Old Trafford and according to reports Bhatia, should he and Frank Strang take over at Meadow Lane, will fly out to Italy next week to seal the deal as such.
As part of the deal, Notts will have the opportunity to sign two of Juventus' younger promising players on year long loan deals.
"They have formally shaken hands on the deal and it looks likely that Notts will become a feeder club for Juve, with the first two players likely to join in the next few months." Spokeman for the Bhatia/Strang deal, Sam McEwan, told the Evening Post.
"Obviously it could be of great benefit to Notts.
"The kind of players Juve produce are going to be of high quality and there is potential for the link-up to stretch further in future years. Hopefully this will just be the beginning." Added McEwan.
Everything is of course pending on the Creditors Meeting on Friday, which starts at 10:30AM with the Shareholders Meeting taking place at 12:30PM.
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