Spanish international Santi Cazorla is due to fly into London this week for a medical with Arsenal, Sky Sports understands.
The Malaga midfielder wants to quit the troubled club - whose Qatarian owners are looking to sell.
Despite a takeover looking likely, Cazorla is pressing for his sale to go through and he looks set to get his wish.
A deal worth around €22million (£17.3million) looks set to be agreed between the two clubs.
The player's representatives have already held talks with Arsenal and they are happy with the proposed deal on offer at the Emirates.
Malaga paid €19million to Villarreal just 12 months ago, but they have huge unpaid debts of around €40million which need settling this week.
Talks with Albanian oil company Taci have broken down and, whilst there is Russian and Middle East interest, the deal to sell Cazorla looks like it is needed to help sort out their current mess.
Sky Sports understands that Cazorla should be in England within the next 48 hours to conclude a deal, which would be a major coup for Arsenal boss Arsene Wenger.
The 27-year-old, a regular in Spain's all-conquering international squad, helped Malaga into the top four in La Liga last season.