Arsenal have reached a financial agreement with Lyon over the purchase of striker Alexandre Lacazette, according to a report.
The Gunners have already had a previous bid of around £29m rejected for the France international, who scored 21 goals in 34 Ligue 1 outings last season.
French news outlet Le 10 Sport claims that an improved offer has since been made and the two sides have come to a settlement for the prolific forward.
Lyon boss Bruno Genesio hinted on Monday that a move could be close to being finalised after admitting that he was powerless to keep hold of the 25-year-old should the club wish to cash in.
Lacazette, also linked with West Ham United in the past, would become Arsenal's second high-profile capture of the summer following the arrival of Granit Xhaka in May.
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