Reports indicate the Red Bulls are set to swap allocation money for two long-tenured RSL players.
The deal would go through, according to Galarcep, with league approval when the transfer window opens Monday.
No team sources were cited.
Espindola, the 27-year-old Argentine, has been in the league since 2007, making 125 appearances and 104 starts, scoring 35 times. The 31-year-old Olave has been with RSL since 2008, making 120 appearances, starting all but one. The Colombian was an All-Star and Best XI selection in 2011.
A little preview of what Espindola can do (if the deal goes through)...