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Arsenal are poised to sign Brazilian goalkeeper Neto on a season-long loan from Bournemouth after failing to secure Espanyol’s Joan García.
Neto is set to undergo a medical on Friday following an agreement with Bournemouth that includes no option or obligation to buy.
The 35-year-old will serve as a backup for David Raya, with Aaron Ramsdale likely to join Southampton.
Ramsdale is expected to complete his £18 million move to Southampton before their game against Brentford on Saturday, with Arsenal potentially receiving up to £6 million in add-ons.
Ramsdale’s departure prompted Arsenal to target García, a member of Spain’s Olympic gold-winning squad, but negotiations stalled due to Espanyol’s demand for the full €30 million (£25 million) release clause.
In light of Neto’s move, Bournemouth are likely to retain Mark Travers, who had been monitored by Crystal Palace as a potential replacement for Sam Johnstone, who is set to join Wolves.