Arsenal captain Cesc Fabregas is on the verge of signing for European champions Barcelona for a fee believed to be around £35m.
The transfer, one of the most protracted in Premier League history, is yet to be completed but Arsenal expect it to be done by the weekend.
According to a senior source at the club, all the funds generated by the sale will be reinvested in new players.
Arsenal have been linked with Scott Dann, Phil Jagielka and Gary Cahill.
The BBC understands a fee of £30m, plus over £5m of additional performance-related payments is close to being reached.
It is understood that, if he is sold, Fabregas will be due £4m in compensation - £1m for every year of his contract he did not complete - but may have given up the payment in order to facilitate a deal.
The deal is significantly less than the £40m that Arsenal had been holding out for and suggests that Arsenal felt they had no choice but to sell a player who wanted to leave.
Fabregas joined Arsenal from the Catalan giants in 2003 and, since making his name with the Gunners, has been persistently linked with a return to his home club.
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