Arsenal manager Arsene Wenger says Mohamed Naser Elsayed Elneny will be the club's first signing during the January transfer window.
The Gunners will add the midfielder to their squad after Jack Wilshere, Mikel Arteta, Tomas Rosicky and Alexis Sanchez all suffered injuries throughout the campaign.
Defender Mathieu Debuchy is expected to leave the Emirates as he wants to secure regular first team football ahead of next summer's European Championship.
"It [the Mohamed Elneny transfer] is complicated a little bit but we are working hard on it and hopefully in the next two or three days we will get to the end of it," Wenger revealed.
"The only one? I don't rule out anyone else, but he will be at least one signing that comes into an area where we are short at the moment.
"He [Mathieu Debuchy] has an opportunity to go but he as well has not been in touch with any club.
"[Troy Deeney and Alex Oxlade-Chamberlain to Chelsea] yes, [it's not true].
"We have a commitment [with West Bromwich Albion for Serge Gnabry].
The player wanted to go there. We have a commitment with West Brom. If they want to cancel the loan, they have to contact us and speak about it. But at the moment, we are not there."