Arsenal transfer target Santi Cazorla is due in London this week to put the finishing touches on his move to the Gunners.

According to Sky Sports, the Malaga star is set to undergo a medical in north London after a fee - believed to be worth around £17m - looks set to be agreed between the two clubs.

Malaga are currently struggling with financial uncertainty, and their Qatari owners are looking to sell the club. As such, the team's key assets are thought to be available, and Spain winger Cazorla is keen to capitalise by securing a move away from the troubled side.

Reports suggest a deal between the player's agent and Arsenal representatives has already been agreed, and Cazorla is reportedly keen on the move.

Malaga signed the former-Villarreal star just one year ago for €19m, but have since plunged into financial crisis, with unpaid debts running into the tens of millions of euros.

A takeover deal with an Albanian oil firm has broken down, although there is interest from Russian and Middle Eastern parties. But Malaga are thought to be in a tight position, and need the funds from the Cazorla sale to keep things ticking over.

The Spanish side qualified for the Champions League next season, after finishing fourth in La Liga, but their money troubles could herald a firesale at the club.

Arsenal have also qualified for the Champions League, but the capture of Cazorla would still be quite a coup for the Gunners.

With Lukas Podolski and Olivier Giroud already signed, Arsene Wenger has been busy in the transfer market. But the only blemish so far has been the van Persie bombshell, although the Arsenal boss is hopeful that he can convince the Dutchman to stay for another season.

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