Arsenal have launched a bid to sign forward Lucas Perez from Deportivo La Coruna, Press Association Sport understands.
And now, according to the Daily Mail, Arsene Wenger's side are close to an agreement.
It's believed the London club have finally agreed to meet Perez's £17.1m buyout clause after initially attempting to pay the fee over two separate installments.
The club wants the fee to be paid in a single lump-sum amount, which has given Everton fresh hope of trumping the Londoners for the striker.
The possibility to play Champions League football and almost treble his salary is too good to turn down, and Perez's agent Rodrigo Fernandez has been negotiating with Arsenal officials in the last 24 hours over a deal.
Perez scored 17 goals and provided eight assists in 3,141 La Liga minutes last season and he has started the new campaign on fire.
A back-and-forth has seemingly ensured, with rumour and counter-rumour over just what the future held for the Deportivo striker.
Everton had been leading the chase for Perez, but Arsenal have made a late move to try and steal a march on their rivals for the 27-year-old. Arsenal fans would be sure to make the hierarchy aware of their displeasure if they were to fail in their pursuit of yet another forward.