"Man City will go out and buy the big players".
Lichtsteiner did hold talks with Valencia in January but was unable to agree terms on a move to the Mestalla, and the Gunners are now set to step in and secure the first arrival of Emery's tenure.
The Switzerland global, who held "positive" talks with the north London giants on Friday and wants to join on a two-year deal, is out of contract with Juventus and would add experience to an Arsenal defence which will be without Laurent Koscielny until the end of 2018.
Arsenal are reportedly interested in bringing AS Roma midfielder Lorenzo Pellegrini to the Emirates Stadium in the summer transfer window.
Unai Emery has never coached a single member of the squad he inherited from Arsene Wenger but he did play a key role in reviving the career of former Arsenal star Jose Antonio Reyes during their time together at Sevilla.
Arsenal are understood to be closing in on the signing of Juventus right-back Stephan Lichtsteiner.
The Swiss is a solid and experienced full-back who will not only provide competition for Hector Bellerin but also help the Spaniard improve.
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The invite list evolved up until hours before the meeting - a reflection of the partisan distrust and the political wrangling. The second person also declined to be named because the meeting was classified.