Fenerbahce are set to hold advanced talks with Arsenal over a loan deal for Lucas Perez, according to Express Sport.
As reported last week, the Turkish giants are keen on adding the Spaniard to their squad.
Talks between the club and the player are ongoing and an agreement could be reached before the end of next week.
Last week, agent Rodrigo Fernandez Lovelle confirmed interest from Aykut Kocaman's side.
"The truth is that the Turkish club has been interested in signing Lucas Perez for two months," Rodrigo Fernandez Lovelle told As.
"I do not think it is very difficult to complete the transfer but Arsenal are not interested.
"Several clubs in Europe are interested in Lucas, but Arsenal want to make up part of the money they paid to sign him from Deportivo the Coruna last summer.
"They paid €21million and now they want at least €12million to let him go."
