Emirates Stadium side agree on a price and meet personal terms to capture Fiorentina forward.
Arsenal will this week complete the long awaited deal to sign Fiorentina forward Stevan Jovetic.
CaughtOffside understands that the Gunners have been locked in negotiations with the Serie A side for the best part of three months but have now agreed terms on a price for the 23 year old Montenegro international.
The North London side will pay a club record €29m (£24m) for the talented attacker and have already agreed personal terms with Jovetic on a four year contract that will see the Fiorentina man earn around £100k a week.
Moves to capture Jovetic are said to have been dependent on Arsenal clinching a Champions League berth, which Arsene Wenger’s side secured on the final day of the season with a win at St James’ Park courtesy of a Laurent Koscielny winner against Newcastle United.
Fiorentina’s own hopes of a Champions League berth were scuppered by a late goal from Philippe Mexes for AC Milan, which saw the San Siro side beat lowly Siena, therefore leaving Vincenzo Montella’s side in fourth spot.
The cost of missing out on a place in Europe’s showpiece tournament may well also be a factor in Fiorentina’s willingness to accept an offer for Jovetic and Montella already has a ready made replacement in the form of Italian international Giuseppe Rossi, who the club signed in January from Villarreal.
Jovetic was once again on target as Fiorentina thumped Pescara 5-1 on the final weekend of the campaign, his 13th of the season and in all likelihood the final goal of his career with the Stadio Artemio Franchi side.
Arsene Wenger is keen to bring in another striking option having seen Olivier Giroud put in a decent, if not spectacular, first season in English football. The French international managed just 11 goals in 34 Premier League appearances.
Lukas Podolski was handed the chance to impress in a central striking role when Giroud was suspended but has on the whole failed to live up to expectations and is a player Wenger still sees as better suited to a wide attacking role.
Juventus are also said to be interested in the Fiorentina youngster but Jovetic will reportedly turn down their advances in favour of a Premier League switch.