Folarin Balogun, an Arsenal striker, is having a medical with Monaco in preparation for a possible transfer.
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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.
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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.
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Also mentioned were Chelsea and Tottenham Hotspur for the 22-year-old.