The source confirmed that both sides have completed negotiations and all major documentation.
Only a few minor contractual terms remain before the agreement is sent to Ly for his final approval.
The 20-year-old plays as a defensive midfielder and right back.
Standing at 1.75 meters tall, Ly does not hold Vietnamese citizenship and has seen limited time on the pitch for Burnley's U21 squad.
He has also appeared in Scotland's U23 league, which is generally considered equivalent to the fifth or sixth tier in England.
Despite Ly's youth and relatively modest playing record, the transfer fee agreed to by Hanoi Police FC is "not small," the source added, though no specific figures were disclosed.
Born to a Vietnamese-Chinese father and an Irish mother, Ly is expected to arrive in Hanoi between late June and early July to complete formalities and join the team.
Ly has expressed interest in representing Vietnam at the international level.
If his performance in the domestic league proves strong, Hanoi Police FC—operated by the Hanoi Department of Public Security—may support his naturalization and long-term integration into Vietnam's national football system.
Bao Anh - Ngoc Le / Tuoi Tre News
Link nội dung: https://news.tuoitre.vn/hanoi-police-fc-close-to-signing-burnley-u21s-vietnamese-origin-player-103250620110551892.htm