$21.29m Bid Agreed- Unai Emery Ready To Announce His First Signing

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Arsenal boss Unai Emery is reportedly closing in on his first signing as Gunners manager.

The Daily Mail reveals the Spaniard took charge last week following Arsene Wenger’s departure at the end of the season.

Emery is rumoured to have been handed a £50m transfer budget, with additional funds expected to be raised from player sales.

And the former PSG boss is set to splash out £16m ($21.29m) on Borussia Dortmund defender Sokratis Papastathopoulos.

The Independent report that the Greek centre-back will finalise a deal this week as recruitment chief Sven Mislintat plots a complete defensive overhaul.

The 29-year-old is reportedly keen on a switch to the Emirates after Arsenal upped their bid, having initially offered £13m.

And reputable Arsenal reporter David Ornstein confirmed the reports on Twitter.

“Arsenal close to signing Sokratis Papastathopoulos from Borussia Dortmund,” he said.

“Latest acquisition led by Sven Mislintat, continues drive to rebuild defence/squad with experience/leadership.

“#AFC prioritising ready players & will integrate youth (eg Mavropanos) over time.”

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