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Napoli striker Jose Callejon is understood to have agreed personal terms over a summer switch to the Emirates.
The Gunners boss Arsene Wenger is on the look out for a new striker during the summer transfer window.
Sport Mediaset cites that Napoli could offload the former Real star due to their ongoing financial crisis.
The 28-year-old has the potential to play at either centre-forward or midfield, and his versatility could prove vital for the Gunners next season.
A fee of around £17.9m could be sufficient to land the Spaniard's signature this summer.
Written by Sri Aswin
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