Juan Camilo Zuniga is finally ready to commit his future to Napoli, effectively ending Arsenal's chances of singing him, reports talkSPORT.
The Colombian defender had been linked with a summer move to both Barcelona and Arsenal as both teams looked to shore up their options at the back.
Napoli were believed to be ready to let Zuniga go, as his contract is due to expire next summer and no agreement of an extension looked likely.
The player's agent has confirmed interest from the Gunners is strong as they search for a replacement for versatile full-back Bacary Sagna.
Arsenal were hoping that a cut-price deal could be negotiated in January as Napoli would risk losing him for nothing in the summer should they refuse to sell.
However, Napoli offered the 27-year-old a take-it-or-leave-it £60,000-a-week contract in an attempt to keep him out of Arsene Wenger's clutches.
Now reports in Italy have suggested that Zuniga is happy with the terms of the five-year deal and is ready to put pen to paper, committing his long-term future to the Naples outfit.
But the new contract is believed to have a clause in it, stating that any bid of £12.5m or over from Barcelona has to be accepted.
If Barcelona were to sign the Colombian, it could aid Arsenal's pursuit of contract rebel Martin Montoya, who is likely to leave the Nou Camp on a free in the summer.