Arsenal agreed a deal to sign France striker Alexandre Lacazette from Lyon for a reported club-record 60 million euros ($68m, £52.56m), the Premier League club confirmed on Wednesday.
The transfer fee is also a new record sale for the Ligue 1 outfit, while Arsenal said the 26-year-old had signed a "long-term contract".
Arsenal said on its website Wednesday that the 26-year-old Lacazette "has agreed to join us on a long-term contract, for an undisclosed fee."
Before the announcement, British media had reported that the France international would join for an estimated club record fee of 60 million euros ($68 million).
Lacazette scored 37 goals in 45 games last season as Lyon secured a fourth-placed finish in Ligue 1 and reached the Europa League semi-finals.
The France international has netted at least 20 league goals in the past three seasons and is Arsenal manager Arsene Wenger's second signing this transfer window after defender Sead Kolasinac joined on a free transfer.
