Arsenal are closing in on a deal to sign Mykola Matviyenko from Shakhtar Donetsk.
The report comes from TEAM1 in Ukraine, which indicates that the Gunners are in agreement with Shakhtar for a loan deal.
There are differing reports on the fee and the structure of the contract.
Some suggestions in the English media allude to a permanent deal in January.
Sources in the Ukraine suggest it could be an initial loan with an agreement to buy at a higher price.
Sky Sports had previously said that signing Matviyenko would cost Arsenal nearly £30 million.
The 23-year-old centre-back, who can also play at left-back, has 20 caps for Ukraine.