ARSENAL have reached a new agreement to sign defender Pablo Mari, according to reports.
The deal for the Spanish defender was in major jeopardy as negotiations between Arsenal and Flamengo stalled.
It was reported that the Gunners changed the terms of the transfer after an agreement was struck with the Brazilian side left frustrated.
Arsenal had initially agreed a sign the Spaniard, 26, permanently but then wanted to make it a loan deal instead.
According to reports in Brazil, Arsenal will pay a £4.2million loan fee to bring Mari in for the rest of the season.
And then the Gunners have the option to sign the defender on a permanent deal in the summer.
Mari flew into London on Saturday alongside Arsenal technical director Edu.
He was expected to complete his medical and be announced as Mikel Arteta's first signing within days.
Asked if he is excited to sign for Arsenal, Mari replied: "Yes of course."
But the defender headed back to Brazil on Monday reportedly left disappointed that the transfer might not happen.
Now Globo believe he will return to London on Wednesday to complete the move.
Flamengo have confirmed the signing of Leo Pereira for £5.9m, a centre-back and a direct replacement for Mari.
Arsenal are yet to bring anyone in this month but was seemingly ready to turn to a familiar face.
Mari spent three years on the books with Manchester City between 2016 and 2019 while Arteta was Pep Guardiola's assistant.
The defender did spend all three seasons out on loan - at Girona, NAC Breda and Deportivo La Coruna - and did not make a first-team appearance for City before joining Flamengo last summer for £1m.
But he has made an instant impact in Brazil, winning the Brazilian Serie A and the Copa Libertadores by the end of 2019.
Mari then featured for Flamengo at the Club World Cup and played the full 120 minutes as the South American champions were edged out 1-0 by Liverpool in the final.