Arsenal defender Pablo Mari, 28, is closing on a move to Monza in Italy.
The centre-back is keen on a return to Serie A having spent the second half of last season on loan at Udinese, who did not have an option to buy included in the deal.
Udinese remain keen on signing the Spaniard but Monza have now jumped to the front of the queue.
Reports suggest the club owned by Silvio Berlusconi are looking to finalise a loan deal with an obligation to buy - which would come into effect if they avoid relegation this season - within the next 48 hours.