The two clubs have agreed a £25 million fee for the goalkeeper.
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The Blues are on the hunt for a new striker to help Tammy Abraham shoulder the goalscoring burden at Stamford Bridge, with Osimhen identified as a potential summer target.
A huge £75 million (N36,525,000,000) offer has been tabled for Victor Osimhen, as the attention around the Nigerian youngster hots up ahead of the summer transfer window.
Upon announcing his departure from the Emirates Stadium, Wenger hinted towards seeking another challenge in the game.