Arsenal will pay an initial £20million for Nicolas Pepe, according to reports.
The Gunners agreed a £72m deal with Lille to sign the talented winger.
They will be given five years to pay the remaining £52m, according to the Daily Mail.
Signing Pepe represents a massive coup for the Gunners, given the likes of PSG, Manchester United and Napoli were interested in the 24-year-old.
The Ivory Coast international will form a frightening attacking trio alongside Alexandre Lacazette and Pierre-Emerick Aubameyang.