Parma have signed Olympique Lyon striker Ishak Belfodil for €2.5m.

The 20-year-old had also been in talks with Bologna.

"Olympique Lyonnais confirm the signature with Italian club Parma for the transfer of Ishak Belfodil," read a statement from the French outfit.

"The Under-20 France striker has decided to join Parma and will sign his new contract on Monday after he undergoes a medical.

"If the transfer is confirmed, Olympique Lyonnais will receive €2.5m and 20 per cent of any future profit from his sale."