It has been reported that Arsenal will pay the loan fee for Dortmund bound Michy Batshuayi after the German side allowed Pierre-Emerick Aubameyang to complete a move to north London on deadline day.
The Gunners confirmed the Gabonese striker would join their ranks in a club record transfer on Wednesday, just days after the 28-year-old received jeers and whistles from home supporters upon returning to Dortmund's first-team.
However, with Aubameyang's exit leaving Borussia Dortmund little time to sign a replacement, Arsenal will give Peter Stöger's side the funds to complete a last-minute loan move for Chelsea's Belgian striker, according to the Evening Standard.
Despite their initial reluctance to meet Dortmund's valuation of Aubameyang, Arsenal were willing to stump up the £1.3m fee that will see Batshuayi move to Germany for the rest of the season.
Batshuayi's exit from Chelsea could also pave the way for Arsenal striker Olivier Giroud to complete a last-minute move to Stamford Bridge.
Antonio Conte has been eager to sign a target man this January, with rumours suggesting that Andy Carroll and Peter Crouch have been on the Italian's wishlist.
However, Giroud is the latest player linked with a move to west London and after appearing to wave goodbye to Arsenal fans following their 3-1 defeat to Swansea on Tuesday, the former Montpellier striker is expected to complete a switch to Chelsea before the transfer window closes.