Unai Emery has been in the market for a new number one as Petr Cech is now 36 and coming towards the end of his illustrious career and it looks like Leno is set to be the Czech international's long-term successor.
Leno had been regarded as one of the brightest goalkeeping talents in Europe when he was younger but his development seems to have stalled in recent years in Germany.
The Gunners have wasted no time in making their move as the Italian publication claims that Arsenal have now agreed a fee in the region of £22m to sign Leno while personal terms have also been agreed with the player.
The Leverkusen shot-stopper narrowly missed out on a World Cup place with Germany meaning a transfer will be easier to complete.
No agreement but central midfield a priority & 22yo Uruguay int'l seen as ideal fit technically + financially.
Leno has always been angling for a move away from Leverkusen, with the former German global - who was left out of their World Cup squad - openly admitting his development as a world-class stopper has been halted somewhat and he would like a change of scenery.
Steven N'Zonzi has refused to rule out a move to Arsenal and admits he could leave Sevilla.