According to the Guardian, the stalemate in negotiations has opened the door for Arsenal to make their move, and the Gunners are prepared to offer Willian the three-year deal he desires after securing Europa League qualification by beating Chelsea in last weekend's FA Cup final.
The 31-year-old has scored 63 goals and provided 62 assists in 339 appearances during his seven years at the club.
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It remains to be seen whether or not Willian will be fit for Chelsea's Champions League game against Bayern Munich on Saturday night, which the Brazilian is eligible to play in. After being snatched from the grasp of Tottenham Hotspur in 2013, Willian became an instant hit with the Chelsea supporters with his brand of fast dribbling and shooting prowess coupled with an enviable work ethic.
Chelsea are keen on having Willian continue his spell at the club.
"He is not a long-term signing but Arteta already has a lot of young players".
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Before his multi-million pound transfer to Chelsea, Werner was subject to intense transfer speculations with soon-to-be Premier League champions Liverpool also showing interest. He goes straight into Arsenal's starting eleven.
However, he's due to return to Barcelona after the competition ends and with the Catalans making it clear he has no future at the club, agent Kia Joorabchian is seemingly working on a possible move to the Emirates.
It has also been suggested that the player could be intrigued by the potential of working under Mikel Arteta, who wants to sign the winger to add more experience to his squad.
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The Ghanaian has a £45m release clause in his agreement but Arsenal are unwilling to activate it, as they'd want to agree a decrease value and to involve Matteo Guendouzi in a offer.