16-year-old Sunderland striker Sam Greenwood has also been linked with a switch to the Gunners.
"It is all done in a draft and only missing the arrival of Lucas to England", he added.
"There are many clubs who contacted us but we have given our word to Arsenal and are very satisfied with what they offered".
Uruguay midfielder Lucas Torreira says he will decide his future soon now that his country have been eliminated from the World Cup. The 22-year-old is expected to complete his move to the Emirates Stadium once his World Cup campaign finishes, but it appears he's rather intimidated by the prospect of the transfer.
The Gunners did offer the player to undergo a medical in Russian Federation, but the player rejected as he wanted to commit wholly on national duty.
If they progress then a semi-final against Brazil or Belgium awaits on Tuesday.
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Torreira has been "close" to a move to north London all summer now, and while many outlets claimed that the deal would be completed before the tournament over in Russian Federation began, Arsenal fans have been forced to wait.
Emery has already brought in Greece defender Sokratis Papastathopoulos, Switzerland right-back Stefan Lichtsteiner and Germany goalkeeper Bernd Leno.
Sampdoria president Massimo Ferrero openly admitted last month: "Torreira left for €30m".
"We have natural talents whose value increases exponentially". I bought him from Pescara when no one believed in him.
"Now the money that comes in will be used to keep the club going".
Arsenal's non-World Cup stars returned for pre-season training earlier this week ahead of their opening pre-season friendly at Boreham Wood on July 14.