Brazilian side Corinthians are in discussions with Arsenal over a possible deal for Willian, according to The Athletic.
The Sao Paulo based club are in talks with the Premier League outfit for bringing the 33-year-old on a free transfer back to his native country.
The Gunners are keen to get his wages off the books and so they are willing to let him leave the club.
Although there is still work remaining to complete a deal, it is likely that the two parties will strike an agreement before the transfer deadline.
The experienced winger joined Mikel Arteta’s side last summer on a three-year contract.
However, he failed to make an impact at the Emirates Stadium as his side finished a disappointing eighth in the table.
Willian started his career at Corinthians before switching to Shakhtar Donetsk in the summer of 2007.
After a brief stint at Anzhi Makhachkala, he joined Chelsea in 2013 in a deal worth £30 million.
His stint at Stamford Bridge was highly successful as he lifted two Premier League titles, an EFL Cup and an FA Cup with the Blues.
The 33-year-old clocked up 339 appearances across all competitions for the Pensioners, netting 63 goals and creating 62 assists in the process (stats from Transfermarkt).
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