Olivier Giroud could be confirmed as an Arsenal player on Tuesday after Montpellier president Louis Nicollin revealed a deal had been completed for the in-demand France forward.
Giroud was part of Laurent Blanc's Euro 2012 squad which was knocked out by Spain in the quarter-finals on Saturday, and now his domestic future is set to be resolved. The 25-year-old scored 25 goals for his club last season to help Montpellier win the Ligue 1 title, igniting the interest of several top clubs.
Last week, Gunners boss Arsene Wenger revealed a deal was "90%" complete as he looked to add the promising Frenchman to his squad, which has already been bolstered by the arrival of Germany forward Lukas Podolski.
Speaking to French newspaper Midi Libre, Montpellier president Nicollin confirmed the transfer had been completed after Arsenal met the player's release clause, which is understood to be in the region of ?13million.
"I wish him success, as he is a good guy," Nicollin said.
Arsenal have not yet made any official comment, but Press Association Sport understands an announcement by the Barclays Premier League club is imminent.
Wenger, who is at the European Championship working as a media pundit, is convinced Giroud can be a big hit at Arsenal.
"I think he has exceptional potential and will integrate very well in our collective and our way of playing," he said last week. "He is a real team player and knows how to combine with other players and I'm sure he will do well with us."
Arsenal could also now resurrect interest in Yann M'Vila after Champions League finalists Bayern Munich cooled their interest in the Rennes midfielder.
Once the transfer for Giroud is formally complete, Arsenal appear set to look to offload some of their fringe players, including Denmark striker Nicklas Bendtner and Morocco international Marouane Chamakh as well as Mexico forward Carlos Vela and Brazilian midfielder Denilson.