Former Arsenal target Lucho Gonzalez is poised to return to Porto after the Portuguese outfit agreed a deal with Marseille reports skysports.com.
The 31-year-old Argentine international spent four successful years at the Stade Velodrome before moving to France in 2009.
Gunners boss Arsene Wenger is a long-term admirer of Gonzalez, and came close to bringing him to the Emirates Stadium in the summer, however Arsenal failed to agree a fee with the Ligue 1 club.
This season has seen a dip in form for Gonzalez, who has scored just two goals and made no assists in 19 league matches for Marseille.
With the club keen to reduce their wage bill, Didier Deschamps has begrudgingly agreed to the sale of Gonzalez, and Marseille have now accepted a bid from Porto ahead of the close of the transfer window.
"Marseille and Porto have reached an agreement in principle for the final transfer of Argentinian midfielder Lucho Gonzalez to the Portuguese club," read a statement on Marseille's official website.
With Andrey Arshavin linked with a deadline day switch to Russian-based Anzhi Makhachkala, rumours had briefly surfaced that Arsenal could renew their interest in Gonzalez, but any hopes they may have had have been effectively ended with news of his return to Porto.