Fee for Andriy Yarmolenko from Dynamo Kyiv
The Gunners had been quiet during the current winter transfer window, only signing Mohamed Elneny from Basel.
Arsenal fans in the Transfer Tavern have been whipped into a frenzy this afternoon after some sensation reports from across the football world, which suggest their transfer business may not be as over as they think.
Yarmolenko has been linked with a move to the Premier League for some time, with Everton been thought to be leading the way. Now, all of a sudden, Arsenal have caught the Toffees by surprise.
One of Dynamo’s vice-captains, the 26-year-old has been in fine form in both domestic and European settings so far this season.
Dynamo want the deal shelved until the summer as they are keen to keep Yarmolenko available for their Champions League last-16 double-header with Manchester City.
The Saint-Petersburg-born Yarmolenko looked to have committed his future to Dynamo after signing a new five-year contract in October.
The talented winger breaks into double figures in the goalscoring charts every season and already has 13 in 22 appearances to his name in this campaign.