Rumours of disagreements over the specific terms of the deal, primarily Arsenal’s unwillingness to agree on a compulsory purchase clause on the midfielder at the end of the season, had looked to have killed off the move.
However the Catalan side have now given Suarez the green light to make the move to the Premier League.
A compromise knows looks to have been reached between the two sides, with Suarez joining on loan until the end of the 2018-19 season, with the mandatory purchase clause removed from the deal.
Instead Suarez will sign a year extension to his current deal with Ernesto Valverde’s side, which expires in June 2020, protecting his value whilst in England – with the provision that Arsenal will be given first refusal on him should his stint at the club be a success.
Barcelona, who have praised Suarez for his professionalism throughout the situation, have removed him from their Copa del Rey squad to face Sevilla at the Nou Camp tonight, and he is expected to sign for Arsenal before the transfer deadline closes tomorrow night.
He could make his Arsenal debut as early as this weekend as the Gunners head to Manchester City, where Suarez spent two years as a youth team player between 2011 and 2013, before moving to La Liga.
He only made two league cup appearances for the defending Premier League champions, in between loan spells at Barcelona and Sevilla, before making a permanent move to Villarreal in 2015.
After impressing with the Yellow Submarine in the 2015-16 season, Barcelona brought him to Catalonia for the following campaign.
However he has consistently struggled to break into their first team, only making sporadic appearances across two and a half seasons at the club.
The writing looked to be on the wall for him in the summer as Valverde brought in Arthur from Brazilian side Gremio and Arturo Vidal from Bayern Munich, however an exit was not completed for him before the start of the season.
Now after starting just two league games this season, he finally looks to be on the move, looking to resurrect his stalled career in England.
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