Reports in France claim that the deal has already been completed, with both transfer fees and personal terms sorted.
Ospina, who plays in France for Ligue 1 side Nice, rose to fame following a fantastic display at this year’s World Cup for Colombia.
His top performances helped see his country through Group C and as far as the quarter-finals where they fell short against Brazil. Overall in their impressive campaign where they were seen as the ‘dark horses’ Ospina only conceded four goals.
These impressive performances helped catch the eye of Arsenal boss Arsene Wenger who is looking to sign a back-up keeper this summer.
With sub keeper Lukasz Fabianski’s exit, the Frenchman knew he needed a replacement who could compete with Wojciech Szczesny for the number one spot.
Ospina would be the Gunners’ second signing of the summer after they landed Barca star Alexis Sanchez and Wenger may not be done there as he lines up other big singings to help them fight for the title again next season.
The 64 year-old’s activity in the window is set to continue as reports continue to link the London club with Real Madrid midfielder Sami Khedira.
By Phil Wellbrook