Talks are at an advanced stage and Sao Paulo have indicated they could be willing to pay Arboleda's two million-euro ($ 22.4 dollars) release fee, the Uol news portal reported on Tuesday, reports Xinhua news agency.
Sao Paulo's search for a central defender comes amid mounting speculation that Maicon and Rodrigo Caio will be sold to European clubs during the upcoming summer transfer window.
Former Uruguay captain Diego Lugano, another of Sao Paulo's options in central defence, could also leave as the club turns to youth.
Arboleda has made 55 appearances for Universidad since joining the Santiago club from Liga de Loja in 2015. He has been capped twice for Ecuador's national team.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.