The gunners poised to snatch up Liverpool and Everton target Yarmolenko from Dynamo Kiev.
After having a lack luster summer window with only Petr Cech arriving at the Emirates it looks like Arsenal are poised to make their second addition to the squad in January.
The deal will enable Wenger to have more depth in the final third with Welbeck still out long term and option to rest Sanchez and Walcott.
The Ukrainian international has made 52 appearances for his national side at the young age of 25.