Arsenal midfielder Jack Wilshere is set to join Crystal Palace or Bournemouth for the rest of the season so he can play regular first-team football.
The 24-year-old met Palace manager Alan Pardew and Bournemouth boss Eddie Howe for talks on Tuesday.
He played six times for England over the summer – including three games at Euro 2016 – but was not named in Sam Allardyce’s first squad this week.
Arsenal paid £35m for Switzerland midfielder Granit Xhaka this summer.
Any move is likely to be a season-long loan without a break clause as Arsenal feel they have enough cover in central midfield.
Wilshere, who has 34 caps, has started only 80 Premier League games for Arsenal in eight years, making two substitute appearances so far this season.
He had a loan spell at Bolton in 2010 and could be the second established England international to move on loan this week, with Manchester City goalkeeper Joe Hart set to move to Italian side Torino.
German side Werder Bremen are hopeful of signing Arsenal midfielder Serge Gnabry, 21, while defender Calum Chambers, 21, has joined Middlesbrough on loan for the rest of the season.
The Gunners have announced the signing of Deportivo La Coruna forward Lucas Perez and Valencia’s Germany defender Shkodran Mustafi, 24, for a combined fee of more than £50m.
Subscribe to the BBC Sport newsletter to get our pick of news, features and video sent to your inbox.