According to a report from La Gazzetta dello Sport (via Football Italia), Inter have managed to convince the 26-year-old to move to Italy on a five-year contract, earning a salary of €3.5 million per season.
However, Inter still need to reach an agreement with Arsenal for his signature, with the Gunners wanting to sell him this summer, while the Nerazzurri are looking at a possible loan with an option to buy instead.
Inter are searching for Achraf Hakimi's replacement, after the Moroccan full-back left the Italian club for Paris Saint-Germain earlier this month.
Simone Inzaghi likes to operate with attacking full-backs, and they are crucial to the former Lazio manager's system, and so signing Bellerin could be the ideal deal for the club.
However, Bellerin remains as their top target, and they will only pursue moves for either one of those full-backs if a deal for the Spanish full-back falls through.
Bellerin made 35 appearances in all competitions for Arsenal last season, failing to establish a regular spot in the lineup, especially towards the latter stages of the season, and his current deal with Arsenal expires in June 2023.