The 23-year-old is expected to put pen to paper to a three-year deal on Tuesday.
Boakye, who will be available on a free transfer after end of June, has opted to remain with the former European champions.
He had a successful four-month loan stint where he banged in 16 goals in all competitions to help the club finish second.
Boakye has been training with Red Star Belgrade ahead of their UEFA Europa League first qualifying round first leg tie on Thursday. Read Full Story
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