BBC Sport reports Cardiff City midfielder and hot young prospect Aaron Ramsey has agreed to sign for Arsenal.
The deal was a major coup for the Gunners, who were also bidding with Premier and Champions League champions Manchester United for the star's signature.
Cardiff City had accepted bids from both clubs and it was then down to Ramsey to agree personal terms with one of the Premiership giants.
It is thought that Ramsey agreed to join Arsenal when the Gunners took the effort to fly the teenage star out to Switzerland for personal talks with manager Arsène Wenger.
Cardiff City also reported that the deal with Arsenal did not include a loan-back option, unlike United's, and that the Gunners had made the best cash offer for their player.
Ramsey, who has made just 22 appearance for the Championship side, is expected to have a medical at Arsenal's plush Hertfordshire training ground within the next 24 hours.
A Cardiff City statement read: "Cardiff City were informed on Friday morning that Aaron Ramsey's preferred destination this summer is the Emirates Stadium with Arsenal.
"We will now continue the dialogue with the Gunners with a view to Aaron's move being completed.
"The move, unlike other options, does not include a loan back period at Ninian Park for the 2008/09 season.
"We would like to wish Aaron every success in the top-flight."

