All the latest news, views and transfer rumours from the Emirates Stadium…
It will be the Brazilian forward’s fifth loan spell since he moved to the Gunners for a reported £3.5million from Fluminense.
On the club’s official website, Arsenal wished the 21-year-old the best of luck for the upcoming campaign.
Ciao is a 20-year-old centre-back who currently plays for Sao Paulo. He can also operate as a defensive midfielder when required, which could appeal to Arsene Wenger if the links to Arsenal are true.
They report that the Colombian goalkeeper could undergo a medical in the next three days before possibly linking up with the squad for their pre-season tour.
A £3million transfer fee has already reportedly been agreed with Ospina’s current club Nice.