Updated 15.05

BARCELONA HAVE COMPLETED the signing of Arsenal midfielder Cesc Fabregas, according to reports in Spanish newspaper Diario Sport.

Although neither club has officially confirmed the transfer yet, the paper reports that Fabregas has agreed terms on a five-year deal which will run until the summer of 2016.

He is expected to join up with his new team-mates ahead of the first leg of the Spanish Supercup final against Real Madrid on Sunday.

The Guardian reports that Fabregas could officially be unveiled as a Barcelona player on Monday and may even make his home debut in the Supercup second leg next Wednesday.

Earlier this morning, Barcelona goalkeeper Victor Valdes told the media that the transfer saga was only hours away from its conclusion.

“I think we have good news,” Valdes said. ”Talks are very advanced. I cannot imagine Barca next season without Cesc. It is close. In a few hours they will announce his signing.”

However, until Fabregas is finally unveiled in the Camp Nou, there is always the potential for another unexpected plot turn.

Journalist Guillem Balague had said on Twitter that the deal was “done,” but later warned that premature celebrations by Barcelona and the Spanish media may have caused the Arsenal board to drag their feet at the eleventh hour:

More to follow.