Monaco striker Park Chu-Young - a reported target for Liverpool - is seemingly set to sign for Arsenal.
According to BBC Sport, the South Korea international will fly to London on Saturday in order to undego a medical and complete a move to the Emirates Stadium.
With reports in June claiming Liverpool were considering a bid for the 26-year-old, it was claimed Park had his sights set on a move to Anfield.
It was alleged that Liverpool director of football Damien Comolli was keeping a keen eye on the former FC Seoul forward but it is unknown whether or not a formal offer materialised.
Should Liverpool still retain an interest in Park, then it would now appear they have lost the race to sign him after Arsenal had an undisclosed offer accpeted by Monaco.
Arsene Wenger confirmed on Friday that he had hopes of signing a striker before the transfer window to compensate for the expected loss of Nicklas Bendtner.
The Arsenal boss also reubuffed suggestions that the Gunners made a 'derisory' bid for Bolton defender Gary Cahill, although he did confirm an offer of sorts had been tabled.
Along with Cahill, Arsenal are still thought to be interested in Phil Jagielka as Wenger pursues defensive reinforcements.