FLORENCE- U.S. billionaire Rocco Commisso is close to agreeing the purchase of Italian Serie A soccer club ACF Fiorentina from the Della Valle family for around 160 million euros ($180 million), a source with knowledge of the matter said on Tuesday.

The Della Valle family owns luxury goods group Tod's  and, since 2002, the Florence-based club who last season narrowly escaped relegation.

The source said ACF Fiorentina's owner, Diego Della Valle, and Commisso met on Tuesday at Tod's offices in Milan and that a deal could be struck as soon as later on Tuesday or Wednesday.

Italian-born Commisso, owner of the New York's Cosmos and Mediacom chairman, made a failed offer last year to buy a controlling stake in AC Milan.

Commisso did not immediately respond to a request for comment. It was not immediately possible to reach Diego Della Valle for a comment. ($1 = 0.8905 euros)

(Reporting by Silvia Ognibene, Elvira Pollina Editing by Mark Bendeich) ((elvira.pollina@thomsonreuters.com; 0039 0266129486; Reuters Messaging: elvira.pollina.thomsonreuters.com@reuters.net))