The 27-year-old has long been linked with a move to the Gunners and came close to moving to the Emirates Stadium 12 months ago.
Arsenal boss Arsene Wenger failed to sign Valencia keeper Vicente Guaita last week and is now desperate to complete the signing of Viviano.
Viviano is set to have a medical in London before Monday’s transfer deadline.
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Summer 2016 is set to be a very exciting time for football fans, as this is when the long awaited Euro 2016 tournament kicks off.
Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.