The Telegraph report that Arsenal have already been knocked back once by Fulham over Schwarzer but, after the departure of Roy Hodgson to Liverpool, there is hope that a deal can be pushed through in the coming days.
At 37, Schwarzer would be a relatively short-term solution to the goalkeeping mistakes that cost Arsenal last season, with Wenger retaining considerable faith in his younger keepers.
There is particular hope that 20 year-old Poland international Wojciech Szczesny will emerge in the longer-term
