Carlos Vela is set to join Bolton Wanderers on loan for the remainder of the season.
The last-minute move, reported in the Daily Mirror would see the striker make a u-turn on his proposed move to Spain with Valencia.
The Mexican international has found first team opportunities limited at the Emirates this term, and Arsenal boss Arsene Wenger is keen for him to get some competitive football under his belt.
The 21-year-old striker is growing frustrated at his lack of action and just wants to play football, but it is said that Wenger would prefer him to remain in England to gain more experience of the Barclays Premier League.
Bolton manager Owen Coyle has developed a strong relationship with Wenger having successfully aided in the development of latest prodigy Jack Wilshere when he had him on loan at the Reebok stadium last year.
The Trotters have had a fairly quiet transfer window, with the majority of speculation surrounding the sale of star defender Gary Cahill who has been heavily linked with the Gunners.
Coyle has drafted in David Wheater from Middlesbrough, presumably as cover should an offer come in for their prize asset who has been valued at £20million.
If Vela ends up joining Bolton on loan, the cynics amongst us might ponder whether there is an ulterior motive which could help sway a future deal for Cahill in Arsenal’s favour.