Arsene Wenger is set to welcome his second signing of the summer according to reports.
Alexandre Lacazette has been linked with a move to the Emirates stadium for several months.
Various sources have indicated that the Gunners have agreed a transfer fee with Olympique Lyonnais.
And according Jim White of Sky Sports, the 26-year-old is now set to become an Arsenal player after completing his medical.
The deal is expected to cost Arsenal at least €50 million without add-ons being included.