Monaco are closing in on a £40million swoop for Arsenal striker Folarin Balogun.
As things stand, the USA international is only considering a move to the French side despite interest from other Premier League clubs.
Mail Sport reported on Wednesday that the Gunners were in talks with the Ligue 1 club amid an expectation that a formal offer would be made by the end of the week.
And the deal has progressed significantly in the last 24 hours with an agreement now virtually sealed. Some finer details of the deal still require finalising but the expectation is that Balogun will join Monaco.