Atletico Madrid right-back Javier Manquillo has already told Arsenal boss Arsene Wenger he wants to join the Gunners on loan this summer and now the clubs are negotiating the terms of the deal, IBTimes UK understands.

Sources close to the negotiations have confirmed to IBTimes UK that the negotiations between the clubs are advanced, and the only stumbling block is Arsenal's demand for an option to make the deal permanent at the end of the season.

Even though manager Diego Simeone is keen on letting Manquillo go on loan - as Juanfran is currently ahead of him in his pecking order - the boss sees a bright future for the Spaniard at the Vicente Calderon and has rejected Wenger's demands.

"Arsenal are already in talks with Atletico and hopefully an agreement could be reached, but until now the problem is that Atletico don't want to include a permanent buy clause" the source said.

"Indeed, Liverpool already tried to secure his services in January with a similar formula and the clubs didn't agree terms for the same reason, so let's see if Atletico now accepts Arsenal's demands."

Meanwhile, the player is dreaming about the posibility of moving to North London to continue his develoment in the Premier League and has already told Atletico officials his intentions - hoping the clubs will finally reach an agreement which suits all parties.

"Manquillo was very close to joining Olympique de Marseille but obviously after Arsenal approached him he is very keen on moving to London. It would be a great opportunity for him."

Even though the North London side are on the verge to secure the signing of Newcastle star Mathieu Debuchy to replace Bacary Sagna, Wenger is also keen on bringing Manquillo as the French international's understudy – while he would let 22-year-old Carl Jenkinson moving away on loan to complete his development elsewhere.

The 20-year-old is considered one of the most promising right-backs in La Liga alongside Real Madrid star Javier Carvajal and Barcelona's Martin Montoya. He has only made 17 appearances for Simeone's side but is a regular for Spain's Under-21s, having already won the Under-19 European Championship in 2012.