Arsenal and Lille have reached an agreement to sign Ivory Coast winger Nicolas Pepe in a deal worth 80m euros (£72m).
Arsenal will pay for the 24-year-old via a series of installments that suit their restricted budget for this summer.
An agreement between Arsenal and Pepe’s representatives still needs to be finalized, but the transfer is expected to be completed in the next 24 to 48 hours.
Italian side Napoli also met Lille’s asking price, but their proposal was rejected by the player’s camp.
He scored 23 goals for Lille last season and satisfies Arsenal’s need for a wide player with pace and high technical ability.
Arsenal offered £40m for Crystal Palace’s Ivory Coast winger Zaha earlier this month, but their Premier League rivals value the player at about £80m.