Follow ooh to be a Gooner on Facebook and Twitter for more latest Arsenal news, match analysis, transfer news, injury news, team news and rumours from reliable sources around the World.
Real Madrid have reached an “agreement in principle” to pay Monaco up to €180m (£161m) for Kylian Mbappé, according to reports in the Spanish capital.
Arsenal target, Mbappé, would be expected to sign a six-year deal at the Santiago Bernabeu where he would earn nearly £200k per week after tax.
The Gunners were reported to be among the front runners for the 18-year-old’s signature, but Madrid have seen off competition from everyone with a gargantuan bid for the young striker.
Monaco had been holding out for €190m and had threatened to report Mbappé’s suitors to Fifa for unauthorised contact with the player.
But Real Madrid sat down with the Ligue 1 champions last week and began negotiations over a price as Florentino Perez continues to buy up the best young talent in Europe.
Should the deal be completed, Monaco will have made an unprecedented £300m in transfer fees this summer.
Follow oohtobeagooner on Facebook
for more latest Arsenal transfer news, injury news, team news and rumours.