Alexandre Lacazette has completed his move to Arsenal from Lyon, the club have confirmed.
Lacazette becomes the club’s record signing, with the fee understood to be in the region of £46 million.
The 26-year-old, who scored 37 goals in 45 appearances for Lyon last season, underwent a medical at London Colney on Tuesday, and eclipses Mesut Ozil – who cost £42.5m – as the most expensive purchase the club have made.
With hopes of signing Monaco’s Kylian Mbappe – a Real Madrid and Paris Saint-Germain target – fading, Arsenal manager Arsene Wenger managed to convince another of Ligue 1’s star forwards to play at the Emirates Stadium.
Lyon club president Jean-Michel Aulas, who sanctioned the transfer on Sunday, has previously said the Premier League side must part with €65m to prise Lacazette away from Parc Olympique Lyonnais and the newly agreed deal includes bonuses worth £6m.
France international Lacazette was close to joining Atletico Madrid before the Spanish club’s transfer ban was upheld and Aulas confirmed via French news outlet Le Progres that Wenger’s side that the move is closer to €50m (£44m/$57m) rather than an “unrealistic” €65m (£57m/$74m).