Arsene Wenger
Arsene Wenger has been busy on transfer deadline day. Reuters

Arsenal look set to make at least one signing on transfer deadline day, with a fee having been agreed with Malaga for left-back Nacho Monreal.

According to the BBC, the agreement was for €10 million (£8.3m) and the player will now discuss personal terms before undergoing a medical.

It appears that Monreal has been targeted by Arsene Wenger after seeing first-choice left-back Kieran Gibbs suffer a thigh injury in Wednesday’s draw with Liverpool that will rule him out for three weeks. Currently, the much maligned Andre Santos is the club’s only established and fit left-back.

Monreal, 26, joined from Osasuna in the summer of 2011, but appears set to become the latest player to be sold by Malaga after the investment dried up from their Qatari owners. Monreal will be reunited at the Emirates with Santi Cazorla, who Arsenal signed last summer.

Meanwhile, Sky Sports has reported that an unnamed Premier League club has triggered the release clause for West Ham midfielder Mohamed Diame.

Arsenal have been strongly linked to the Senegal international throughout the transfer window and Wenger has spoken highly of the 25-year-old. Stories emerged earlier in the month that Diame had a £3.5 million release clause inserted into his contract when he signed on a free transfer from Wigan earlier in the summer. However, in the last few days it has been claimed that the figure was closer to £7 million.

Diame would potentially act as a replacement for Alex Song, who departed for Barcelona last summer. Since Song’s exit, Wenger has been dependent on Abou Diaby to provide much-needed dynamism in the midfield. However, Diaby has again missed much of the season through injury.

You can watch a video of Diame's fine goal for West Ham against Arsenal earlier this season, below.

West Ham United VS Arsenal (1-0) Mohamed Diameby EgyptianShowTV