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Report: Nicolas Pepe agrees to Arsenal move

Lille v Olympique Lyon - French League 1

LILLE, FRANCE - DECEMBER 1: Nicolas Pepe of Lille celebrates 2-0 during the French League 1 match between Lille v Olympique Lyon at the Stade Pierre Mauroy on December 1, 2018 in Lille France (Photo by Angelo Blankespoor/Soccrates/Getty Images)

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Nicolas Pepe is set to become an Arsenal player this week in a club-record transfer.

The Ivory Coast international, 24, has returned from his break following the Africa Cup of Nations and Lille are said to have agreed $87 million deals with both Arsenal and Napoli to sell him this summer.

Pepe is also said to be attracting a late bid from Paris Saint-Germain, but Sky Sports say that Pepe has decided he will move to Arsenal. The report adds that he will undergo a medical in London in the coming days.

What’s that? Oh yes, we thought Arsenal didn’t have any money to spend this summer. Apparently they do.

The $87 million deal for Pepe will be paid in several instalments by Arsenal in order to fit into their financial plans, with Unai Emery’s side winning the race for his signature.

Pepe scored 22 goals in Ligue 1 last season as Lille finished second behind PSG, and only Kylian Mbappe was involved in more goals as the tricky winger (who can also play as a center forward) added 11 assists in the league.

But do Arsenal really need another attacking player? It would appear the one area of their squad which is well-stocked with options, but when a player of Pepe’s ability, and potential, becomes available then you have to snap him up.

The Gunners never got close to the $100 million valuation Crystal Palace wanted for Wilfried Zaha, but it is clear that Emery wants a speedy winger to link up with Pierre-Emerick Aubameyang and Alexandre Lacazette in attack. What this means for the futures of Alex Iwobi, Mesut Ozil and Henrikh Mkhitaryan remains to be seen, but Pepe’s arrival is a major coup as Manchester United, Liverpool and Bayern Munich were all linked with signing Pepe.

If the signing of Dani Ceballos on a season-long from Real Madrid excited Arsenal’s fans, this deal for Pepe will knock their socks off. In addition, signing highly-rated teenage center back William Saliba from Saint-Etienne for $33 million then loaning him back for this season is another positive move. That last transfer doesn’t help Arsenal where they need help most (defense) this season, and that is still the concern regarding their chances of finishing in the top four.

They conceded 51 PL goals last season, the third most of teams who finished in the top 10, and they’ve also seen club captain Laurent Koscielny refuse to go on their U.S. tour during preseason as he wants a move away from the club. However, Rob Holding’s return from injury is a big boost and Hector Bellerin is also set to come back soon after a lengthy spell out.

Emery has to deliver a top four finish this season and now that he’s had an entire campaign to bed in his ideas, he must deliver a return to the Champions League for the Gunners. Pepe will help that push in a big way, but Arsenal must get better defensively if they’re going to be a success under Emery.

Follow @JPW_NBCSports