The Gunners look to have beaten off competition from Tottenham and Borussia Dortmund for the player, report L’Equipe.
The speedy winger will fly to London to complete a medical after appearing in the Copa Libertadores final according to the French sports paper.
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Chelsea have struggled to build momentum in the opening stages of the campaign and are currently looking over their shoulders at the relegation zone.
Who of Europe’s top strikers will move to England this summer?