Villarreal have completed the signing of Cameroon international Karl Toko Ekambi.
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Cazorla, 33, who had two previous spells with the La Liga club, is looking to return to fitness after being sidelined for 19 months by injury.
Atletico Madrid have agreed a deal with Villarreal to sign Spain midfielder Rodri on a five-year contract.
"Cazorla is expected to join Villarreal in preseason but it is not yet official," the source told ESPN FC.
Real Madrid blew a two-goal lead to draw 2-2 with Villarreal in their final La Liga match ahead of the Champions League final against Liverpool.
Andres Iniesta may not have a Ballon d'Or in his medal collection, but he now has one award Messi and Ronaldo don't -- a ceramic yellow submarine.
Andres Iniesta provided two world-class assists as Barcelona saw off Villarreal 5-1 on Wednesday to maintain their quest for an unbeaten season.
Barca sealed the title when they beat Deportivo La Coruna, and it is a tradition in Spain for the new champions to be given a guard of honour.
Villarreal midfielder Pablo Fornals, who collapsed in a loss to Athletic Bilbao on Monday, is looking forward to playing again.
Substitute Enes Unal scored twice in the final nine minutes as Villarreal dealt a major blow to Atletico Madrid's title hopes with a 2-1 win.
Villarreal have suspended defender Ruben Semedo without pay after he was arrested and charged with attempted murder and robbery.
Semedo faces charges of attempted murder, kidnap, robbery and unlawful possession of a firearm.
A spokeswoman for Spain's Guardia Civil told ESPN FC that the arrest had been made after an official complaint by the alleged victim of an incident.
Cristiano Ronaldo scored two penalties as Real Madrid eased some of the pressure on coach Zinedine Zidane with a 4-1 victory over Valencia.
Cedric Bakambu is poised to join Chinese Super League club Beijing Guoan after a deal was struck to rescind his contract at Villarreal.
Villarreal piled the pressure on under-fire Real Madrid coach Zinedine Zidane as they snatched a 1-0 win over the struggling La Liga champions.
Villarreal have agreed a deal to sign Colombian striker Roger Martinez from Chinese Super League club Jiangsu Suning.
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