Roma have reportedly agreed to pay Antonio Sanabria's £3.6m release clause.
Arsenal have led the chase for the Barcelona starlet over recent months, but The Mirror reports that the Italian side have gazumped them with the transfer window due to open next month.
Gunners boos Arsene Wenger was believed to be put off by the Paraguayan international's release clause, despite him stating his intention to leave Camp Nou next summer.
The 17-year-old, who currently plays in the Segunda Division for Barca B, made his international debut in a 3-3 draw with Germany in August.