The 26 year old Lyon striker was made a top priority by Arsene Wenger, although the first bid offered by Arsenal was rejected.
With Lacazette completing his medical, the current deal could see his fee rise up to £52 million with add-ons, this will make him Arsenal’s record signing since the £42.4 million fee paid for Mesut Ozil in 2013.
In 275 matches, Lacazette has scored 129 goals since featuring in the first team in the 2009/2010 season.
