Arsenal are close to completing a deal for Barcelona midfielder Denis Suarez.

Negotiations between the two parties ended after Arsenal failed to appease Barca's demand of a permanent transfer.

Barca shopped Suarez to league rivals, Real Betis and Sevilla, who were prepared to pay between €15m and €20m for the 25-year-old.

But Suarez refused to budge on his wish to join the Gunners and now a deal is close to being agreed, according to the London Evening Standard.

The former Manchester City man will sign a new contract with Barca before completing his loan move.