Emirates Stadium boss hopes to offload Russian today.
Arsenal are in talks with an unnamed Russian club over the sale of Andrey Arshavin.
Anzhi and former club Zenit St Petersburg have been linked with the Russia captain this month.
Should Arsenal agree terms, Arshavin would still need some persuading to leave as he wants his children to qualify for UK passports before he returns home.
Cash raised will allow Arsene Wenger to make a late day swoop this afternoon.
There will be many Arsenal fans who hope this deal comes to fruition as the Russian attacker has looked disinterested and devoid of ideas for the best part of 18 months and the booing he, and Arsene Wenger, received when the Russian came on for Alex Oxlade-Chamberlain against Man United, was the clearest sign yet that the Gunners faithful had fallen out of love with the 30 year old former Zenit man.
Arshavin arrived with a bang, scoring goals aplenty (who can forget the four goal haul at Anfield) and generally making a nuisance of himself and driving opposition full-backs crazy with his inventiveness and direct running. Now he looks a shadow of his former self and seems unable to play himself back into form.
Simply, he looks like his heart is not in it. Wenger has tried to defend the £15m man but may well have given up on flogging a dead horse.
Arsenal are reportedly looking to get at least £6m for the winger who will be keen for a new challenge ahead of the Euro 2012 finals in the summer. Lazio and a host of Russian Premier League sides are said to be considering last ditch bids.