Arsenal have reportedly agreed an €80 million (£71.9 million) deal for Lille winger Nicolas Pepe, and the transfer could go through once an agent agreement has been reached.
According to sports writer David Ornstein, the fee will be paid in instalments to fit the Gunners' limited transfer budget this summer:
David OrnsteinArsenal have reached an agreement with Lille to sign Ivory Coast winger Nicolas Pepe for ~€80m, paid by instalments to fit #AFC budget. 5yr deal, agent agreement still needed but set to be closed in next 24/48hrs. Napoli also have agreement with #LOSC but agent rejected proposal
This article will be updated to provide more information on this story as it becomes available.