Gunners boss Arsene Wenger has been a long-term admirer of the Frenchman, who would offer Arsenal the defensive steel that they need and is thought to be very keen on a move to the Emirates Stadium.
Le Parisien journalist Julien Laurens claims that a deal between Arsenal and Rennes is "99%" done, tweeting: "Very busy yesterday working on M'Vila story. 22 million euros [£17.7m], 4 years. Great signing for Arsenal and player is delighted."
He went on to say: "At the moment deal is done with Arsenal finishing 3rd, could slightly change if not but he will still sign. He chose Arsenal over Inter Milan."