Lille winger Nicolas Pepe will reportedly undergo a medical in the next few days ahead of completing a club-record move to Arsenal.
The Gunners hijacked Napoli's bid for the Ivorian winger by tabling an offer rumoured to be in the region of £72m over the weekend.
Sky Sports News claims that an agreement is in place between all three parties and all that is left is for the 24-year-old to undergo the relevant fitness tests in the next 72 hours.
Pepe has been linked with an array of European football's top clubs this summer after starring for Lille in Ligue 1 last season, with his tally of 22 goals bettered only by Paris Saint-Germain's Kylian Mbappe.
Arsenal have already brought in three new players since the end of last season - young forward Gabriel Martinelli, midfielder Dani Ceballos and defender William Saliba, who will return to Saint-Etienne on loan.
Pierre-Emerick Aubameyang is the North London outfit's current record signing, having arrived from Borussia Dortmund in January 2018 for £56m.
