PEPE IS HERE: ARSENAL OFFICIALLY ANNOUNCE RECORD SIGNING OF LILLE WINGER

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Arsenal have completed the club’s record £72million transfer of Nicolas Pepe from Lille – making the Ivory Coast international their most expensive signing.

Winger Pepe has agreed a five-year contract at the Emirates having undergone a medical on Tuesday, following the two clubs settling on the fee over the weekend.

The Gunners will part with £20million now, with the following £52million being split over the next four years – Lille receiving £13million per year – to avoid smashing their budget.

Ivorian Pepe had also been on the radar of Manchester United, Liverpool, Everton and Paris-Saint Germain, while Napoli had lodged a bid, which was rejected.

It is believed the winger was convinced by Arsenal’s “sporting project”, whilst they were willing to pay the agents’ fees and commissions demanded by his team of representatives to steal the march in the transfer race.

Head coach Unai Emery said: “Nicolas is a highly-rated and talented winger who was wanted by many of the top teams in Europe.

“Signing a top-class winger has been one of our key objectives in this transfer window and I’m delighted he’s joining.

“He will add pace, power and creativity, with the aim of bringing more goals to our team.”