The Gunners initially agreed to sign the Spain international on a permanent deal, but the terms have been changed in the last 24 hours.

They will now secure the goalkeeper on an initial £3 million loan deal with an option to buy for £30m at the end of the campaign.

Raya's current deal expires at the end of the season, but he has agreed to put pen-to-paper on a one-year extension before his switch.

Arsenal have done so in order to stay within the Financial Fair regulations. The club are now likely to focus on more outgoings.

The likes of Folarin Balogun , Nicolas Pepe , Nuno Tavares , Cedric Soares and Rob Holding are expected to leave the club soon.

Thomas Partey and Kieran Tierney have also been linked with departures, but they won't come on the cheap for any suitors.

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