Folarin Balogun, an Arsenal striker, is having a medical with Monaco in preparation for a possible transfer.
On the £38.5 million package for the US international, both parties have come to an understanding.
Balogun is returning to Ligue 1, where he played on loan with Reims last year.
He had 21 goals and came in fifth place in the French Golden Boot race.
After being unable to interfere with Mikel Arteta’s intentions, Balogun departs from Arsenal.
Also mentioned were Chelsea and Tottenham Hotspur for the 22-year-old.