Everton have had a £40m bid accepted by Arsenal for Nigerian intentional Alex iwobi.
The Gunners could be set to land a huge windfall after initially rejecting a £30m bid, with an improved offer arriving for the 23-year-old.
They had been eyeing a move for Zaha, who put in a transfer request late on Wednesday, but the Ivory Coast international is remaining at Crystal Palace.
Marco silva side then decided to make a last push for Alex iwobi and reports understand a breakthrough have been made.
An official announcement is expected in the coming hours.