The Italian journalist, who is known for having the inside track on many big deals in world football, claims that Gunners’ Technical Director Edu is currently working on the “final details” of the move.
Jesus has been linked with the North London side for several months after it became clear his game time at Manchester City would be limited following the arrival of Erling Haaland from Borussia Dortmund this summer.
Jesus, 25, moved to Manchester City in August 2016 for a reported fee of £27 million from Brazilian side Palmeiras.
During his six seasons at The Etihad, the striker has made 236 appearances in all competitions and scored a total of 95 goals.
He is a four time Premier League champion, three time EFL Cup winner, FA Cup winner and Champions League runner-up with City.
Check out the latest Premier League transfer speculation below...