Ryan Reynolds is reportedly set to expand his sporting portfolio by acquiring a stake in a Colombian football team.

According to South American sports journalist

, the Deadpool star is part of an investment group planning to buy into Bogota-based club La Equidad.

It comes after he and Wrexham co-owner Rob McElhenney previously purchased a minority stake in Mexican side Club Necaxa.

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A five per cent stake in the north Wales club was also sold to the Liga MX team's ownership as part of a reciprocal arrangement.

That deal saw them join with members of the Tylis-Porter investment group, which includes high profile figures like actress Eva Longoria, Houston Astros pitcher Justin Verlander, model Kate Upton and NFL player Odell Beckham Jr.

Longoria, who starred in Desperate Housewives, later made an appearance at Wrexham's opening game of the season against Wycombe in August.

The same outfit is now said to be about to pump its money into top tier Colombian side La Equidad, which was founded in 1982 and is believed to be valued at $16 million (£12.6m).

Olsen said current club president Carlos Zuluaga is expected to remain in place, with the deal due to be announced in January.

He said he understood the celebrity investors, including Reynolds and Longoria, will visit Bogota in person once the news is made public.

La Equidad current play their football in Categoria Primera A - the top tier of the Colombian league system.

However, they have never lifted the title, despite making three appearances in the double-legged final which teams must win to gain the trophy.

Their home stadium is the Estadio Metropolitano de Techo which has a capacity of 10,000.

Reynolds and McElhenney have already enjoyed success with Wrexham, with their investment helping the club achieve back-to-back promotions from the National League to League One.

The team has also gained global attention thanks to the popularity of the Welcome to Wrexham documentary.

The two actors were previously part of a group which took a 24 per cent equity stake in the Alpine Racing Formula 1 team.

Meanwhile, it was announced in October this year that Reynolds and McElhenney had sold a minority stake in Wrexham to the Allyn family from New York.

The family owned the global medical device company Welch Allyn for more than a century before selling it in 2015 in a deal worth more than $2bn.

The announcement was made on the same day it was revealed that the Wrexham Lager brewery had been bought by Dragon Ventures LLC, a joint venture between the Allyns and Wrexham's Hollywood owners.