Arsenal and Riccardo Calafiori are waiting on Basel ahead of his arrival being rubberstamped.
Terms with Bologna have now been settled, with the Italians now just needing to finalise a method of payment with Calafiori's former club Basel.
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Transfer expert Fabrizio Romano is reporting: "Arsenal and Bologna have reached an agreement for Riccardo Calafiori, after breakthrough revealed earlier!
"Understand fee is €40m plus €5m add-ons and sell-on clause.
"Final step needed: Basel and Bologna to agree 50% sell-on payment terms, then… here we go!"