Bruno Guimarães is poised to join Arsenal in a £75m move after both clubs reached a compromise on the transfer fee. The Newcastle captain is scheduled to travel from the club's pre-season training camp in southern Spain to London for a medical in the next couple of days.
Arsenal had initially aimed to pay no more than £60m for the Brazil midfielder, who will turn 29 in November and has two years remaining on his contract. Newcastle, however, had demanded a minimum of £80m for their key player.
Guimarães reportedly expressed his determination to join Arsenal even before Eddie Howe stepped down as manager last week. He is understood to have informed incoming manager Matthias Jaissle of his desire to leave.
Lyon is set to receive approximately £7m from the transfer due to a sell-on clause, entitling them to 20% of any profit Newcastle makes on the sale of Guimarães.