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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Who of Europe’s top strikers will move to England this summer?
After a dreadful start to their Bundesliga campaign, Borussia Dortmund appear to have weathered the storm after going five matches without defeat.