The report claims that the defender has agreed in principle on a two-year deal with Inter and the Fenerbahce star is set to earn a salary in the region of £6.3 million at the San Siro.
The former CSKA Moscow player has been tipped to leave the Turkish side for some time, although many speculated that a switch to the Premier League with Liverpool was on the cards.
Talksport recently published an article crediting the Reds with a strong interest while Stoke City were also linked, with the player being out of contract this summer one of the biggest incentives to bring him in.
Erkin is predominantly a full-back and has featured for both Turkey rivals Fenerbahce and Galatasary, being one of only a handful of players to do so in recent history.
Good going forward and solid defensively, the 27-year-old is ready for a move to a bigger club and Liverpool’s problems at left-back - with Alberto Moreno often a liability - would have made him an ideal acquisition.
However, if reports in Italy are to be believed then Inter have seemingly won the race for his signature as boss Roberto Mancini looks to rebuild his squad to once again challenge for the Serie A title.