Rome - Inter Milan have agreed final details on signing Arsenal's Lukas Podolski on loan for the rest of the season, Gazzetta dello Sport and other Italian media reported on Friday.
The Germany international could be in Milan later Friday for a medical check, it was reported.
There has been no confirmation from either club on the reported deal.
Arsenal manager Arsene Wenger had said on Thursday Inter had returned with an offer after describing an initial approach from the Serie A club as "farcical."
"After, they come back a bit more serious," he said. "We will see what happens. Is the move inevitable? Inevitable in a transfer is very difficult to say but we'll see what happens. Of course, Podolski is open (to the move)."
The 29-year-old has started only two matches this season and made 12 appearances in all in the current term, scoring three goals.
Podolski missed Thursday's 2-0 defeat at Southampton with what Wenger described as a "tight groin." Podolski was expected to be absent again when Arsenal begin their FA Cup defence Sunday against Hull City, the team they beat in last season's final.
According to Britain's Telegraph newspaper, an initial loan to Inter could be followed by the option of a £5 million permanent transfer at the end of the season.