Arsenal are being forced to scour the bargain bin after failing to reach the Champions League for a second season in a row.
It means the Gunners have had their transfer budget reduced to a measly £40m, though that can be improved by offloading players.
But one long-standing target of Unai Emery has been that of hot prospect Gabriel Martinelli, who has been courting the attention of the north London outfit for some time now.
At the age of 18, the Brazilian has been earmarked as one for the future and has had trials with Manchester United and Barcelona in the past.
However, according to Globo Esporte, Arsenal have beaten off competition to secure the services of the youngster.
The report states that a deal worth £6m has been agreed with his club Ituano for when he becomes 18, which he did on Tuesday.
Globo Esporte also go on to reveal that an announcement will be made in the coming days, confirming his arrival.
The transfer signals Emery’s first foray into the summer market this year and it is to expected to be the last.
The Spaniard has been keen to improve his squad and finish in the top four and targets include William Saliba, Ryan Fraser and Kieran Tierney.
As for Martinelli, the wonderkid will be a relative unknown to many fans in England but he has enjoyed a strong campaign with Ituano.
The forward scored six times for his club in the Paulista Championship and was named the young player of the tournament.
It had even earned him a call-up to train with the senior national squad from Brazil coach Tite.
Any troubles over a work permit have also been extinguished as he qualifies for an Italian passport through his father.
The player’s agent Marcos Casseb recently told Globo Esporte of Martinelli’s ambition to play in Europe.
“To be honest we expected this to happen,” Casseb said. “His evolution since last year is very fast, he is above average.
“The initial planning is for him to go straight to Europe.”
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