Arsenal are closing in on a deal to sign Porto midfielder Fabio Vieira, football.london understands.
The Gunners have been tracking the Portugal under-21 international for some time and have now agreed on a €40 million (£34 million) fee with Porto. This is lower than Vieira's release clause which is thought to be at around £42 million as Arsenal seek to take advantage of the Portuguese outfit's ongoing financial struggles.
The 22-year-old has been heavily linked with Liverpool, Manchester United and Tottenham Hotspur this summer but a move to the Emirates Stadium appears imminent after a season that saw him net seven goals and provide a further 16 assists.