The midfielder has been discussing a move for weeks and reached an agreement on Wednesday that will leave Arsenal after 10 years at the club.
The Welshman is Arsenal's longest-serving player at the moment, but has struggled to attain regular playing time following the appointment of Unai Emery in the summer. Ramsey will be paid around £140,000 a week (£7.2m a season), making him the Italian club's second highest earner behind Cristiano Ronaldo but ahead of other starts such as Paulo Dybala and Douglas Costa.
The report says Ramsey's current preference is to go overseas with Juventus leading the chase for his signature but if the 28-year-old decides to remain in the Premier League then his preference would be to join Liverpool.
However, as it stands the Arsenal star is leaning towards going overseas and the BBC claims Ramsey is ready to undergo a medical and sign a pre-contract as soon as he makes a final decision over his new club.
Merson has branded his former club "stupid" for letting an experienced player like Ramsey leave the club in the prime of his career.
Arsenal boss Emery praised the midfielder's attitude on Thursday, saying: "Every day he's here with us, he's working very well".
And Emery insisted today that he will still count on Ramsey for the rest of the season even if he does finalise a deal with Juventus. "We need his performances for us and the last matches I am very happy with him".
"Arsenal had a player in Ramsey that was proven", he added.
"His future is individually for him, for his family, his agent".
Fortunately it looks like Ramsey to Juventus is a done deal, so unless something dramatically changes in the next five months, that's what's going to happen. I want his focus to be on us, and to be on West Ham on Saturday. He won three FA Cups with the club, scoring the winning goal in the 2014 and 2017 final.