Arsenal and Chelsea have agreed a £12m deal for midfielder Jorginho.
The 31-year-old will sign an 18-month contract, with an option to extend for a further year.
Jorginho is into the final six months of his Chelsea contract and the Blues are trying to land a British record transfer for Benfica central midfielder Enzo Fernandez.
Arsenal have seen two bids for Brighton’s Moises Caicedo rejected, with the second one amounting to £70m, and remain keen on the Ecuador international and ready to do a deal, should the South Coast side change their stance.
Under Mikel Arteta, Arsenal tried to sign Jorginho in the summer of 2020, the year before the midfielder won the Champions League and European Championships with Italy.
Arteta was also the assistant coach at Manchester City when they tried to sign him in 2018 – but Jorginho turned down the move to join Maurizio Sarri instead at Chelsea from Napoli.