Rob Holding in action for Bolton Wanderers
It was reported by the same source last month that Arsene Wenger's side were confident of luring the 20-year-old to London in a £1.2 million deal.
Arsenal boss Arsene Wenger will have to look elsewhere it seems
But the Cherries look to have stolen a march on their illustrious Premier League rivals and not for the first time this summer, with French striker Lys Mousset reportedly snubbing interest from both the Gunners and Tottenham Hotspur to move to Dean Court (L'Equipe).
Eddie Howe's side are also said to have fought off a host of European giants, including Borussia Dortmund, AC Milan and Celtic, to land Fulham's United States international Emerson Hyndman (the Sun).
Bournemouth pulled of a coup to land Fulham's Emerson Hyndman
In moving to Bournemouth, Holding will likely link up with England Under-21 colleague Jordon Ibe, whose £15 million transfer from Liverpool is believed to be nearing completion (Liverpool Echo).
The versatile centre-back played 30 times for Bolton last season and was a rare positive in a dismal campaign, which saw the Trotters drop to the third tier for the first time in 23 years.