Sky Sports News' chief reporter Kaveh Solhekol:
"Raheem Sterling is not just motivated by money, that's why he was never going to move to Saudi Arabia or the Scottish Premiership.
"Arsenal is an attractive destination for him - a model club, challenging for titles, in the Champions League.
"And really importantly, Raheem Sterling's family are settled in London.
"Now, the proposal has been put to him and it's one he's seriously considering.
"I've had a message in the last few minutes saying talks are advancing and real progress is being made.
"Someone on the other end of the deal felt Raheem was going to make this move away from Chelsea.
"He's still 29, feels he has a lot to offer the game - he wants to get back to his best, play at the highest level again.
"His ultimate ambition is to win some more trophies and get his England squad place back."