That news will come as a blow to Arsenal fans with the Gunners having been linked with the 24-year old Brazilian for several months.
The North London side have already experienced disappointment this week as it looks like their top target, Firoentina striker Dusan Vlahovic, is set to snub a move to the Emirates Stadium in favour of joining Juventus.
While Mikel Arteta’s side may not have an alternative lined up to the Serbian forward, they do appear to be close to securing a deal for another Brazilian midfielder this window.
Here is the latest news regarding Bruno Guimaraes, Dusan Vlahovic and Arthur Melo and what it means for Arsenal:
Who is Bruno Guimaraes ?
Bruno Guimaraes is a 24-year old midfielder who plays for French Ligue 1 side Olympique Lyonnais.
The Brazilian international has the caught the eye with his impressive performances for Lyon in the French top tier and UEFA Europa League this season.
Guimaraes has made 25 appearances in all competitions for the French side this season while also featuring for the Brazilian international side in their World Cup qualifiers against Peru and Chile.
The former Athletico Paranaense has won three caps for his country in total.
What has been reported about Bruno Guimaraes moving to the Premier League?
The latest reports revealed Bruno Guimaraes as the latest player to be linked with a high profile move to Newcastle United.
Eddie Howe’s side are said to have offered €40 million (£33.5 million) to sign the players who had previously been linked with Arsenal.
United have already splashed the cash on Kieran Trippier and Chris Wood in this transfer window but are still searching for further recruits to boost their chances of avoiding relegation this season.
Dusan Vlahovic and Arthur Melo latest
Arsenal look set to miss out on Fiorentina striker Dusan Vlahovic with the Serbian international looking likely to join Juventus instead.
The Turin side have reportedly had a bid of €75 million (£62.8 million) accepted for the player who was understood to be keen to remain in Italy despite reports that Arsenal were going to offer the player a bumper salary to bring him to the Premier League.
It now looks like the Gunners will have to find an alternative to Vlahovic as they search for a new striker but a deal to bring a midfielder to the club this month is edging closer.
The Mirror are reporting that Arsenal are “stepping up” their pursuit of Juventus midfielder Arthur Melo this month.
The North London side have been linked with a loan move for the Brazilian for over a month but a deal has been slow in materialising.
With just five days remaining for English clubs to finalise their January transfer business, Mike Arteta will either need to get a deal over the line soon or consider moving on to alternative options.