Emirates squad-man could be on his way to the Ramón Sánchez Pizjuán.
Arsenal midfielder Denilson is the subject of an £8million bid from La Liga side Sevilla.
The 23-year-old moved to North London five years ago from Sao Paulo for £4million but has been unable to cement his place in the first-team.
The Brazil international has been usurped in the side by Jack Wilshere and Aaron Ramsey while another youngster Emmanuel Frimpong will increase the competition for places.
Denilson had never convinced the Gunner faithful of his ability, mainly because he was unable to pass forward and was constantly caught out of position without the pace to make up for it.
He admitted last week he wants to leave the Emirates in search of silverware and because he had endured the worse season of his life.
“I’ve simply been to see (manager) Arsene Wenger and told him how I felt – and he has agreed to let me go,” he said.
“This has been the worst season of my life and I am so upset, so frustrated. I am a winner and I came here to win trophies but I’ve been here for five years and won nothing.
“A footballer’s career is over very quickly so it is time to move on.
“I know some people think I’m crazy. I need a fresh challenge and although I know I’m taking a big gamble I am ready to take that risk.”