Arsenal have reached an agreement with Montpellier to sign striker Olivier Giroud.
Sources have told Goal.com that the two clubs have reached a breakthrough in negotiations and the final details of the move to take the France international to Emirates Stadium are now being worked through.
It is understood that Arsenal have agreed to meet the release clause in Giroud’s Montpellier contract, which has variously been reported to be between €12 million and €16m (£9.6-£12.8m).
Giroud is expected to be confirmed as an Arsenal player when France`s participation in Euro 2012 ends.
Arsenal were given the green light to sign the 25-year-old, who is part of Laurent Blanc`s squad at the tournament in Poland and Ukraine, last week by Montpellier after Giroud signalled that he wanted to move to north London.
Giroud, who has two years remaining on his Montpellier contract, has agreed a £50,000-a-week four-year deal, which will treble his current wages of around £15,000-a-week.
Arsene Wenger made his move after the cash-strapped French club, who won last season`s Ligue 1 title despite a budget that is dwarfed by the likes of Paris Saint-Germain, accepted that they could not afford to reject Arsenal’s offer.
Giroud scored 21 goals in Montpellier`s league triumph to end the campaign as France`s equal leading scorer with PSG`s Nene. He also weighed in with nine assists.
The 6ft 3in striker is set to join Lukas Podolski in a new-look Arsenal forward line next season, and his impending capture will prompt further speculation about the future of Robin van Persie.
The Dutchman has only a year remaining on his Arsenal contract and has refused to commit himself to a new deal.