Arsenal is close to selling Lucas Perez to Deportivo La Coruna.
The London Evening Standard says Perez is expected to agree a deal worth in the region of £14million to return to Deportivo La Coruna before the end of the transfer window next week.
The two clubs remain apart in their valuations with the Gunners looking to minimise their loss on the 28-year-old, having paid the Spanish club £17m for his services only a year ago.
Deportivo have had two bids rejected with the latest worth around £11m but manager Arsene Wenger is keen to trim his squad and all parties believe a compromise will be reached for Perez to depart.
His options have also diminished as a result of Arsenal’s reluctance to sanction a loan deal. Perez has attracted interest from a number of English clubs including Newcastle, Everton and, most recently, Swansea but that only extended to a temporary switch.