Sky Sports is reporting that the Premier League champions have reached an agreement with their direct title rivals to sign the promising England international.
The same article states that Oxlade-Chamberlain is set to undergo a medical at England’s St George’s Park training facility as the Arsenal midfielder looks to resolve his future.
According to the same story, the 24-year-old met with Arsene Wenger to discuss his future ahead of Arsenal’s 4-0 loss to Liverpool at Anfield in the Premier League on Sunday afternoon.
Oxlade-Chamberlain has reportedly rejected an £180,000 a week contract from the north London club despite entering the final 12 months of his current deal.
The Arsenal star has also been linked with a move to Liverpool in recent weeks but the Sky Sports article suggests that Oxlade-Chamberlain is set to remain in the English capital.
Oxlade-Chamberlain will become the first Arsenal player to swap The Emirates for Stamford Bridge since Ashley Cole’s controversial move to Chelsea in 2005.
Cole went on to win one Premier League title, four FA Cups, the League Cup, the Champions League and the Europa League.
Oxlade-Chamberlain has won the FA Cup three times during his Gunners career.
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