Borussia Dortmund have agreed a deal to sign Chelsea forward Michy Batshuayi on loan for the rest of the season, subject to a medical.
The deal could hasten Arsenal's signing of Dortmund striker Pierre-Emerick Aubameyang, who the German club have said they will only sell if a replacement is found.
Chelsea could sign Olivier Giroud from the Gunners as a replacement for Batshuayi, and to complete the Aubameyang deal.
More to follow.
Source: bbc.com