Ajax defender Jurrien Timbers has agreed personal terms with Arsenal.
The Gunners are preparing a second offer for the Holland international after a first bid of 30m was rejected last week.
While Ajax are seeking 50m to sell Timber, there's a belief they will compromise over a fee of around 38-40m to sell.
Timber has agreed contract terms with the Gunners and is waiting for a fee to be settled.
Bayern Munich had also been keen, but have now dropped out of the running.