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Arsenal have reached an agreement with Besiktas over the transfer of David Ospina according to Fotomac.
Per the source, the Gunners have agreed to loan Ospina to Besiktas in a deal that includes a £1.3m [€1.5m] fee.
The Black Eagles have been locked in talks with Ospina’s representatives for weeks but have yet to strike a deal over bonuses.
The two sides are expected to come to an arrangement over the next few days
The report claims that the transfer is looking very likely but the Super Lig side do have other options.
The Istanbul based outfit are also holding negotiations with Liverpool keeper Simon Mignolet and Bursaspor stopper Harun Tekin.
Besiktas have made finding a replacement for Fabri a priority.
The Spanish keeper was sold to Fulham on a £5.3m move last month.
Ospina is expected to part ways with Arsenal this summer after dropping down the pecking order into third-choice, behind Bernd Leno and Petr Cech.
Besiktas would be prepared to make Ospina first-choice keeper next season.
The Colombian international has yet to return from his extended holiday following his World Cup campaign with Colombia in Russia.