Anderlecht had earlier rejected Arsenal opening bid of £13.5m, with the Belgian club valuing the player around £18m.
Recent reports now suggest that Arsenal have returned with an improved second bid which has been deemed acceptable by Anderlecht.
While speaking to The Football Terrance, journalist Terreur said, "Arsenal really don't have a lot of competition, they are confident of getting the deal done. It's a deal that is expected to be wrapped up within the week."
The 21-year-old Anderlecht captain made 33 appearances for the Belgian Pro League, scoring three goals and assisting two goals.
Sambi Lokonga was highly recommended by Gunners legend Thierry Henry. He is viewed as a dynamic midfielder with lots of potential and one for the future as Mikel Arteta's side look to revamp the midfield ahead of the 2021/2022 campaign.
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