Arsenal are confident Monchi will join them as technical director after he left Roma on Friday.
The Gunners were prepared to pay a £1million release clause for Ramon Rodriguez Verdejo, known as Monchi, but he parted company with the Italian club on Friday after less than two years as their sports director.
Arsenal have offered Monchi a three-year-deal and hope he can start as soon as possible, despite late interest from Real Madrid and Atletico Madrid.
The 50-year-old made his name at Sevilla, where he worked with Arsenal boss Unai Emery.
While at Sevilla Monchi scouted numerous profitable bargains, including Dani Alves, Seydou Keita and Ivan Rakitic.
Sven Mislintat left his position as Arsenal's head of recruitment last month after just over a year in the job.
