Arsenal are ready to let Fredrik Ljungberg leave after the midfielder's agent revealed they have opened negotiations with Italian club Fiorentina.
Ljungberg, 30, still has two years remaining on his current contract but struggled with injury for most of last season.
The Sweden international, who joined the Gunners for £3million from Halmstads in 1998, made just 26 appearances last term and has continually been linked with a summer exit.
However, despite reported interest from Manchester City, Ljungberg's agent Claes Elefalk claims he is set to discuss a move to Serie A.
"The two clubs are in discussions," he told Swedish news agency TT.
"If they come to an agreement, Fredrik can think about looking at a move.
"Fredrik is really happy at Arsenal, but if it is an option, he could also consider a move to Fiorentina."
Ljungberg has made over 300 appearances for the Gunners and scored 72 goals.
Meanwhile, Arsenal boss Arsene Wenger is on the verge of concluding a deal to land Auxerre full-back Bakary Sagna.