Eduardo is heading for the Arsenal exit after being told by Arsene Wenger that he is not in his first-team plans for next season.
The 27-year-old Croatia striker has struggled since a broken leg and dislocated ankle in 2008 nearly ended his career.
He has failed to score in his last 12 games and Wenger, who has recently signed the promising Marouane Chamakh to partner Robin van Persie, believes Eduardo will be better off trying to revitalise his career elsewhere.
He is believed to prefer a move to a European club rather than stay in the more physically demanding Premier League.
Odd man out? Eduardo's spell at Arsenal could be coming to an end having failed to rediscover his form after injury
Cole's arrival at Arsenal could spell Eduardo exit as Villa eye Croatia ace Eduardo no go: Wenger insists his Croatia ace will not leave Arsenal ARSENAL FC