Caicedo, 22, is on loan at Levante until the end of the season and if Lokomotiv want to sign him before the Russian Premier League transfer window closes on March 10, they must deal directly with the Spanish side.
On the move: Caicedo (left) is wanted by Lokomotiv Moscow
Caicedo is Levante's top scorer this season with 10 goals in 18 La Liga games and there is an option to make his move permanent for about ?1m.
The Russians would be willing to pay up to ?3m for the Ecuador international, who has struggled to fit in at Eastlands since a ?5.2m move from Swiss side Basle three years ago.
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Source: Daily Mail
Source: Daily Mail