Arsenal are on the brink of sealing the £30m signing of Julian Draxler after a positive round of talks, reports the Daily Mirror.
Despite public denials from both parties over a potential deal, the British daily is claiming that Schalke are willing to sell their prized asset and Arsene Wenger is keen to buy.
Schalke know the sale of Draxler could ease their financial problems and are ready to cash in on him should the right offer come along.
Delegates from Arsenal were sent to Germany in attempts to beat the transfer deadline, which is now just 48 hours away. After a day of talks between the two parties, the Gunners are confident of sealing a deal to bring Draxler to north London this month.
Arsenal are expected to batter Schalke's £35m asking price down to £30m but are still negotiating a pay structure, with the Bundesliga club insisting on getting the majority of the fee up front.
Draxler will be offered an £80,000-a-week deal if he agrees to move the Emirates, almost doubling his current wage of £40,000-a-week.
Earlier this month it was feared Arsenal would have to shelve their plans to sign Draxler until the summer after the 20-year-old ruptured his achilles tendon, leaving him on the sidelines until March.
However, after seeing specialist Hans Muller Wohlfahr, he is expected to be available in as little as a week's time.
The Arsenal manager convinced himself to sign Draxler in this window in order to get ahead of rivals Manchester United, who are also believed to be interested in signing the player.
However, after signing Juan Mata from Chelsea, David Moyes has no further transfer plans this January, gifting Wenger a clear run to snatch Draxler ahead of the Old Trafford-outfit.