Neto will undergo a medical in London this morning after… Arsenal have reached an agreement with Bournemouth to sign the goalkeeper on a season-long loan, according to several sources.
Arsenal have agreed to sell their backup goalkeeper Aaron Ramsdale to Premier League Southampton are looking for a replacement and Neto fits the bill perfectly, having been a regular presence in goal for Bournemouth over the past two seasons.
The Gunners had been linked with Spanish international Joan Garcia in recent weeks but have been forced to look for alternative targets after seeing two bids rejected by Espanyol.
The athletic It was reported this morning that Neto was heading to north London to undergo a medical after Arsenal reached an agreement with Bournemouth to sign the South American on loan for the remainder of the season.
BBC journalist Simon Stone said Neto is now undergoing his medical ahead of his transfer to Arsenal, which is expected to be completed on deadline day.
The 1.88m goalkeeper must be registered by midday to be eligible to take part in Arsenal's Premier League clash with Brighton at the Emirates Stadium on Saturday lunchtime.
Goalkeeper reinforcement
At 35, Neto offers a wealth of experience having played more than 300 matches in the main leagues in Europe and South America.
He has been Bournemouth's undisputed number one since arriving from Barcelona in 2022 and is already familiar with the pace and intensity of the Premier League.
However, the Brazilian has been allowed to leave the Vitality Stadium after Bournemouth signed Kepa Arrizabalaga from Chelsea and should be a reliable backup for Raya this season.
Arteta may not have finished his career transfer market as they are also still looking for a No. 3 goalkeeper to replace Karl Hein, who joined Real Valladolid earlier this summer, while Arsenal are also reportedly on the lookout for another attacker.
So it's set to be a busy day in North London as Arsenal look to further strengthen their squad in their bid to finally snatch the title from Manchester City This season.