Arsenal look set to lose Juan Cuadrado to Barcelona after the Catalan giants agreed terms with the Fiorentina man, according to talkSport.
The Gunners targeted the right-sided player - who can play in defence or midfield - as uncertainty remains over the future of Bacary Sagna.
However it is Barcelona who are in pole position to tie-up a deal for the Colombian after agreeing terms on a move to the Nou Camp. They have their own reservations on the future of existing right-back Dani Alves.
Cuadrado's Italian club haven't agreed a fee with La Liga-chasing outfit but it is believed a fee of around £16 million would land the 25-year-old.
The 27-cap international - who will hope to impress at this summer's World Cup in Brazil - has lit up Serie A following a move to 'Viloa' last year after a successful loan spell from Udinese.
He moved to Europe as a youngster from Colombian side Independiente Medellin back in 2009 and had another temporary move to Lecce in 2011.
Cuadrado has added goals to his armory this campaign, having netted 11 times as his club look set to finish in the top four.
Barcelona are still facing a fight to retain their La Liga crown, they are second behind Atletico Madrid, but El Clasico rivals Real Madrid are also still in the hunt.
The Catalonian club will, however, be pleased that both their rivals will need to focus time and energy into a Champions League final against each other, after Tata Martino's men were eliminated in the quarter-finals by Atletico.
The Gunners, meanwhile, lost their way in the pursuit of the Premier League after some disappointing results in 2014, having been nicely set at the turn of the year. They have secured Champions League football again though.
Money may need to be spent by Arsene Wenger to put them on the same levels as Manchetser City and Liverpool but it is apparent that Cuadrado will not be coming to the Emirates Stadium anytime soon.