Nicolas Pepe is going to join Nice on a season long loan.
An option for the club to make the deal permanent is not included in the deal for the player.
It is hoped that the final details will be finished in the next 48 hours.
The 29-year-old has two years left on his contract with the club and has scored 27 goals in 112 appearances for the team.
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Sky sports' Nick Wright.
The most expensive player in the history of the club is no longer with the club. Laser-guided to Mikel Arteta's needs has been the club's most recent recruitment. It used to be different, that's whatPepe reminds you.
The disconnect between Unai Emery and the former head of football, who was effectively running the club's recruitment, was obvious in 2019.
Wilfried Zaha was identified by the Spaniard as his preferred target. He didn't actually want the player the club spent £72 million on.
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Arteta, like Emery, was not convinced that Pepe was good enough to play in the English premier league, as he only scored 16 goals in 80 games in the competition.
The Ivorian was described as a player who needed to be more demanding of himself by Emery and Arteta.
He proved to be a poor fit for both of the managers. He goes back to France on loan as a relic of an era that has passed.
The transfer window will close at 11pm on September 1st.
Sky Sports has a dedicated Transfer Centre website where you can keep up-to-date with all the latest news. Sky Sports News gives you the ins, outs and analysis of sports.
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