Arsenal and Chelsea have agreed a deal for Jorginho worth £12million ($14.8m).
The 31-year-old is expected at Arsenal's training ground today, having also agreed personal terms with the north London club. The deal is still subject to a medical.
Jorginho will sign a contract with Arsenal until 2024, with the option of a further year.
The north London club decided against pursuing a move for Moises Caicedo.
The Athletic reported last night that Arsenal were instead exploring a possible move for the Italy international. The Premier League leaders are very light on cover for first-choice holding midfielder Thomas Partey, with Mohamed Elneny absent through injury. Mikel Arteta has driven the deal for Jorginho.
Arsenal have chased Brighton's Caicedo throughout the window, but the south coast club are adamant they will not sell him.
They turned to Jorginho, whose contract at Stamford Bridge expires in the summer. This means Chelsea were at risk of losing him for nothing if he did not leave on a permanent transfer in this window.
Chelsea are trying to push through a move for Benfica midfielder Enzo Fernandez before tomorrow's deadline, which would push Jorginho further down the pecking order in west London.
Jorginho would provide Arsenal with significant experience as they try to win the title this campaign. He has won the Champions League and Europa League with Chelsea, while he also won the European Championship with Italy in 2020.