The Brazil international, who is currently impressing in the Confederations Cup, has long been linked with a move to Europe with Tottenham among the clubs interested.
Spurs were yet to have firmed up their interest as recently as last week, but reports now suggest that a £17million bid for the midfielder has been accepted.
Corinthians director of football Edu - a former Arsenal player - has confirmed that there have been further developments and a move to London now looks likely.
When asked about the interest from the White Hart Lane club, Edu told UOL: "The situation is well underway.
"We have to agree on some details of the negotiation, so I can't say he will leave yet, but the negotiations are good."
The 24-year-old made his Brazil debut in 2011 and was recently on target for his country against England at the Maracana.