Arsenal have signed striker Lucas Perez from Deportivo La Coruna.
The 27-year-old netted 19 goals in all competitions last season as Deportivo finished 15th in La Liga.
Arsenal have endured a frustrating close season, snubbed by striker Jamie Vardy, who extended his contract with champions Leicester City. Olympique Lyonnais rejected their bid for forward Alexandre Lacazette.
Gunners boss Arsene Wenger says: “He’s not only a goalscorer, he’s a guy who combines well with partners, who can give a final ball and makes good runs.
"He’s got a good eye for goal and had an outstanding season last year.”
The deal is subject to the completion of regulatory processes, the London club said.
Meanwhile, midfielder Jack Wilshere could be allowed to leave on loan before the transfer window shuts at midnight tonight.