Arsenal look set to offload midfielder Lucas Torreira to Torino in a deal worth €24m (£22m) according to reports in both the Italian and English media.

As part of the agreement, the Uruguayan international would leave on an initial season-long loan but the Serie A club would pay €12m (£11m) upfront for the privilege before then being obligated to sign the 24-year-old on a permanent basis next season for another €12m (£11m)

While the Gunners won’t get the full amount for Torreira now, it means manager Mikel Arteta will have additional funds to spend on signing another midfielder before the transfer window closes next month.

Although the deal with Torino hasn’t been finalised yet, that £11m, combined with the £20m they will get from Emi Martinez’s move to Aston Villa, will add an extra £30m to the transfer kitty. That could be used to trigger Thomas Partey’s €50m (£46m) release clause or to make a second bid for Lyon’s Houssem Aouar.