Arsenal will offer £24million to secure the services of Borussia Dortmund midfielder Henrikh Mkhitaryan, La Gazzetta dello Sport has revealed.
The Gunners are in pole position to sign the Armenian who is expected to leave the German giants this summer.
Italian champions Juventus are also interested but reports claim that the 27-year-old wants to join Arsene Wenger at Arsenal.
The Independent has also confirmed that the talented midfielder will become an Arsenal player this month.
Last week, agent Mino Raiola confirmed that the player is ready to listen to offers ahead of the summer transfer window.
"Why would we sign a contract renewal now?" Raiola told German newspaper Bild.
"Micki has a contract until June 2017 and we are looking at his options for the future."
