Arsenal have agreed to relinquish their right to buy back Mexican marvel Carlos Vela from Real Sociedad in exchange for a sum of £8m, with the Daily Star reporting that La Liga's bright Basque side are prepared to make the forward their highest-paid player as part of a rejigged contract.
Vela's brilliant form over the last two seasons in Spain has led Arsenal fans to clamour for Gunners boss Arsene Wenger to use a cut-price clause to re-sign the striker, which he could still choose to do now for a flat fee of £3.5m.
Wenger has toyed with the idea but fresh reports claim Arsenal are more interested in making a strong profit in return for giving up those terms for resale, allowing the Gunners to invest in other areas.
Sociedad are desperate to sever all ties with Arsenal in terms of their ability to prise Vela away, as they bid to stop the likes of Barcelona and Real Madrid signing their top forwards, including French flier Antoine Griezmann.
At the very least Sociedad want to make sure they can acquire the highest transfer fee possible for a star who slammed home 21 goals in all competitions, which means Vela is in line for a bumper new four-year worth £2.5m-a-season if he decides to stay at the Anoeta next year.
Arsenal supporters desperate to see Wenger sign proven top-class forwards will no doubt be exasperated to read today's new Vela reports, as the search continues to provide Olivier Giroud with genuine quality competition for his starting spot.
Wenger has already passed up the chance to bring former Arsenal captain Cesc Fabregas back to the Emirates and now looks ready to make the same choice with Vela, while Costa Rica striker Joel Campbell is also waiting to see whether he has a first-team future in the Premier League.
Vela has expressed no desire to give life at Arsenal a second chance and it seems Wenger agrees its best for both parties to move on, but that stance will crank up the pressure on the Gunners chief to find a forward with the profit gained from letting the 25-year-old go for good.
Karim Benzema, Mario Manduzkic and Mario Balotelli are just three of the names currently being mentioned in connection with a summer switch to Arsenal, but it remains to be seen whether Wenger can close a deal for a proven European marksman before the transfer window slams shut again at the start of September.