Arsenal have stepped up their attempts to sign a replacement goalkeeper for Aaron Ramsdale and have agreed a deal in principle to sign Bournemouth's Neto on loan, according to reports.
Southampton agreed a deal to sign Ramsdale earlier this week - which could rise to £25million - with Mikel Arteta's side subsequently resuming talks to sign Joan Garcia from Espanyol.
But talks appeared to have stalled, with Sky Sports reporting the Gunners have reached a deal to sign Neto on loan.
The outlet claims that the agreement does not include an obligation or option to buy the 35-year-old Brazilian.
Arsenal had been unprepared to meet Espanyo's £16m valuation for Garcia, with the LaLiga club not having had a read-made replacement for their goalkeeper.
Neto joined bournemouth in 2022, from Barcelona, having spent time playing at Valencia, Juventus and Fiorentina before then.
Following his arrival, Neto has stepped up to become Bournemouth's first-choice goalkeeper, with Andoni Iraola handing him the captain's armband last season, with the goalkeeper making 32 league appearances, amassing seven clean sheets.
Ramsdale, meanwhile, was due to undergo a medical on Tuesday night ahead of his move to the south coast.
Neto has stepped up to become Bournemouth's first-choice goalkeeper, with Andoni Iraola handing him the captain's armband last season
The Gunners had told Ramsdale that he could leave the club if a suitable offer is made for him.
Elsewhere, Newcastle are hoping to agree a £20m deal with Burnley to sign 21-year-old goalkeeper James Trafford.