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The president of the Saint-Etienne club confirmed that Arsenal was going to sign William Saliba.
The Gunners must beat Tottenham at the signing of the 18-year-old.
It had been reported earlier this week that a five-year deal had been reached with the central defender.
The Spurs are thought to have played late for Saliba, but he will join their rivals.
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Reported transfer costs amounted to £ 27 million and he was supposed to stay in Saint-Etienne for the 2019/20 season.
The club's president, Bernard Caiazzo, confirmed that everything is going well with the gunners and that it will be immediately loaned.
Sending to Le Progrès, Caiazzo said: "Everything is on track with Arsenal.
"William will be spending next season with us."
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The French publication also claimed that Saliba's retention clause at the club next season was considered non-negotiable by Ligue 1.
Unai Emery desperately needs a back center that can have an immediate impact at the club, but that did not deter him from trying to convince the teenager.
Club captain Laurent Koscielny has refused to travel during his pre-season tour of the United States and is looking to get away from North London.
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