The Arsenal boss has had the Ivory Coast man in his sights for months and sees him as the player for the defensive midfield role.
Wenger held talks with Barcelona over a switch in the summer and agreed on an £8million fee.
But they were unable to woo Yaya, 25, as they would not match his £50,000-a-week wages.
Yet a January move appears on after the Arsenal board agreed to up the offer of personal terms. A source said: "It's now likely that he and the Gunners can resolve the issue."
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