The Spaniard is set for a permanent move after spending the last two seasons on loan away from Stamford Bridge

The Spain international, who spent last season on loan at Bournemouth, has a £5million release clause in his Chelsea contract. Arsenal see that as a potential market opportunity, enabling them to recruit a goalkeeper with Premier League and Champions League experience for an affordable fee.

Arsenal are interested in signing goalkeeper Kepa Arrizabalaga as they look to bolster their options in the position. Neto, who was on loan this season at the Emirates from Bournemouth, has returned to the Cherries, and the Gunners are now without an experienced back-up for David Raya.