Arsenal have agreed a deal to sign Bournemouth goalkeeper Neto on a season-long loan deal, the PA news agency understands.
The Gunners’ move for the 35-year-old Cherries captain is a straight switch with no obligation or option to buy.
Neto’s arrival in north London will pave the way for England goalkeeper Aaron Ramsdale to complete a permanent move to Southampton.
Bournemouth signed Chelsea goalkeeper Kepa Arrizabalaga on a season-long loan deal on Thursday, with the Spain international having extended his contract at Stamford Bridge by a year to 2026.