A report has said that midfielder Santi Cazorla has reportedly struck a deal in principle to join Atletico Madrid.
Cazorla has displayed an impressive form this season by scoring seven goals in all competitions for the Gunnners, reported The Daily Star.
His splendid performance attracted offers from several of Europe's top clubs, including Barcelona.
However, Atletico seems to have outdone its rivals by bagging a deal with the former Villarreal star.
The 30-year-old joined Arsenal in 2012 from Malaga and scored 26 goals during 129 appearances for Arsene Wenger's team.