But the two clubs are currently apart in their respective valuations as Arsenal are unwilling to pay the £50 million valuations which City have placed on the Brazilian.
But more talks are reportedly scheduled to take place in the coming days, and it is hoped that a compromise can be reached, with add-ons getting Arsenal closer to the fee City want.
With Pep Guardiola’s side already signed Erling Haaland and Julian Alvarez this summer, Jesus is ready to leave the Premier League champions. Arsenal transfer could ensure more regular first-team football ahead of the World Cup.
The 25-year-old is familiar with Arteta from his time as an assistant at City and is a fan of the Spaniard.
Apart from Arsenal, Real Madrid, Chelsea, and Tottenham have all been offered the chance to sign Jesus after showing some interest in him, but Arsenal have emerged as the frontrunner for his signature after holding concrete talks with City.
Should he sign for Arsenal, Jesus would become the club’s first-choice centre-forward. And with Alexandre Lacazette gone, his only competition at the club will come from Eddie Nketiah, who reportedly signed a new long-term contract at the club yesterday.