Arsenal given 5 years to pay club-record €80m fee for Nicolas Pepe (Mail)

  /  autty

Arsenal will pay an initial £20million for Nicolas Pepe, as the Lille attacker moves closer to a club-record £72m switch.

Despite working with a limited transfer budget this summer, Arsenal look on course to complete what could be the most expensive signing by any Premier League club in this window.

It is understood Arsenal will stay within budget by paying as little £20m up front for the Ivory Coast international, with the remaining £52m paid in instalments within five years.

Winger Pepe is expected to have a medical by the end of the week before completing his move to the Emirates Stadium.

The signing will be an impressive coup for the Gunners hierarchy given Paris Saint-Germain, Manchester United and Napoli have all been credited with an interest.

The 24-year-old Pepe will form part of what should be an exciting forward line next season.

Related: Arsenal Lille Pepe
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