Arsenal's transfer for Juventus striker Fernando Llorente is nearing completion with the player's agent in London to finalise the deal, Corriere dello Sport has reported on Thursday morning.
The Bianconeri are ready to sell the player for £8m with Monaco, Porto, Tottenham Hotspur and Real Madrid also interested.
At the start of the month, agent Jesus Llorente confirmed that the player could leave the Serie A before the end of the transfer window.
"He has a contract with Juventus," he told O Jogo.
"I can't rule anything out though."
The 30-year-old scored 27 goals in 90 games for Juventus since his move from Athletic Bilbao in the summer of 2013.