Juventus are poised to sign Manchester City forward Carlos Tevez in a move that could leave Arsenal free to sign Real Madrid's Gonzalo Higuain unchallenged.
The Bianconeri agreed a fee of £12m with City officials on Tuesday with BBC Sport suggesting the forward is now expected to sign a three-year contract with Antonio Conte's side to bring an end to his seven year spell in English football.
The Italian giants have also been in the running to sign Tevez's compatriot Higuain this summer, duelling with Arsenal to lure the striker away from the Bernabeu after he was told he had no future at the club at the end of last season.
Arsenal are considered to be the front runners to secure the 25-year-old's signature, with a number of reports suggesting the Gunners are willing to trump any offer Juventus make in addition to making Higuain the club's highest earner.
"Nothing has been signed yet but I can assure you there are advanced talks between the clubs," said Higuain's father and agent Jorge.
"We wouldn't arrange any personal contract before the clubs agree for the transfer. I'm aware Arsenal has made a strong offer, as well as Juventus."
Juventus' decision to switch their focus to Tevez, whose move will call for a transfer fee roughly half of what Real Madrid demand for Higuain, indicates they are prepared to drop out of the running for the Los Blancos star, leaving Arsenal as clear favourites to sign the former River Plate striker in what would prove to be a marquee signing for Arsene Wenger this summer.
Higuain's future is likely to be resolved in the very near future after Real Madrid officially named Carlo Ancelotti as their new manager following Jose Mourinho's departure.
Higuain's proposed exit has been delayed over the past few weeks, despite the club making it abundantly clear he is free to leave this summer as the club have searched for a new manager. The appointment of former AC Milan and Chelsea boss Ancelotti would suggest the move is now ready to be sanctioned.
Ancelotti left his post at PSG after just one year with the Ligue 1 champions, with former France international Laurent Blanc taking the reins in the French capital after a year away from the game.