Arsenal have reportedly had an offer of £32m for Chile international Alexis Sanchez accepted by Barcelona.
The 25-year-old has been linked with a move away from the Camp Nou this summer, as the Spanish club look to complete a deal for Luis Suarez.
It is believed that Liverpool want Sanchez to be included in any transfer for Suarez, but according to Goal.com, a deal with the Gunners has been agreed in principle by the player and his representatives.
Further talks are due to take place between Arsenal and Sanchez in the next 48 hours and the transfer could be completed within the next week.
Sanchez has spent the past three seasons at Barcelona after joining from Udinese in July 2011.