Arsenal are close to selling Lucas Torreira to Galatasaray and complete his long-awaited departure from the club, finally drawing to a close an error-strewn £129m spending spree.

Fiorentina are in talks with Arsenal in a bid to turn Lucas Torreira's loan deal into a £12.5m permanent one.

Fiorentina are keen to sign Lucas Torreira on a permanent contract from Arsenal at the end of the season.

Representatives from Arsenal and Fiorentina are set to meet in the next few days to discuss the permanent future of Lucas Torreira, who is on loan with the Serie A club.

Arsenal have made a 70m euro offer to Fiorentina for 21-year-old Serbia forward Dusan Vlahovic - which would see Lucas Torreira move to the Serie A club on a permanent basis.