The Spain international is expected to arrive in London for a medical in the coming days and sign for Arsene Wenger's side, who have already added Lukas Podolski and Olivier Giroud
Arsenal are confident of overcoming a late snag in their pursuit of Santi Cazorla to sign the midfielder from Malaga for around £18 million by the end of this week.
Sources have told Goal.comthat the club were set to complete the signing of Cazorla on Wednesday night and schedule an immediate medical.
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"This has been a rather tricky deal to arrange. As revealed by Goal.com last week, Arsenal's bid to sign Santi Cazorla looked to have stalled, with Malaga owner Al Thani reluctant to lose his prize asset.
"However, within a week, everything has changed. Now, Al Thani looks certain to sell the club soon. And whereas previously the economic problems of the club were tolerable - it has happened before that players have not been paid on time, but Al Thani always delivers in the end - now the situation is less clear.
"The deal is not a cheap one, but Arsenal finally look to have got their man."
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However, it is understood that the cost agreed by the two clubs will eventually be below £20m and around the £18m mark.
Sources expect that Cazorla will put pen to paper on a deal this week and that he will arrive in London in the next few days to undertake a medical.
The club will then turn their attention to signing Nuri Sahin on a season-long loan from Real Madrid.
“The Cazorla deal is the priority,” a source told Goal.com. “It was expected to be done on Wednesday night but there has been a late hitch. It should still go through by the end of this week. The Sahin one is currently on the backburner.”
Goal.com revealed on Wednesday that the Gunners’ north London rivals Tottenham have turned down an offer to take Sahin on loan as part of the Spanish giant’s bid for Luka Modric - but that has not deterred Arsene Wenger from making a move.
Wenger considers Sahin a useful addition to his squad to play as a deep-lying playmaker after learning that Jack Wilshere is likely to miss at least the first three months of the new season with ongoing ankle and knee problems.
The versatile Cazorla, who was a fringe member of the Spain squad that won Euro 2012, is earmarked for a major role at the club this season in one of the three attacking midfield positions behind the centre-forward.
Cazorla has decided to make the move to the Premier League after being frustrated by the financial problems of Malaga, who he joined from Villarreal 12 months ago.
He will become Arsenal’s most expensive signing, beating the £15m they paid for Andrey Arshavin in January 2010.
Arsenal have been busy in the transfer market this summer, signing two internationals in Olivier Giroud and Lukas Podolski, although doubts surround the future of captain Robin van Persie.
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