Arsenal have completed the signing of French striker Olivier Giroud, according to Montpellier's president Louis Nicollin.
Speaking to French publication Midi Libre, Nicollin confirmed that Arsenal had paid the release clause in the player's contract, reported to be around £13 million.
Despite coming on as a late substitute, Olivier Giroud was unable to prevent France's 2-0 loss to Spain in the Euro 2012 quarterfinals.
"I wish him well," Nicollin said.
Last week Arsenal boss Arsene Wenger admitted that a deal was "90 percent" complete for the 25 year old. The elimination by France from Euro 2012 at the hands of Spain on Saturday appears to have led to the finalization of the deal.
Giroud scored 21 goals as he helped Montpellier to their first ever Ligue 1 title last season.
Although Arsenal has not yet confirmed the deal, an announced is expcected imminently. The transfer would be Arsenal's second major deal of the summer after the arrival of Lukas Podolski from Bundesliga side Koln.
To contact the editor, e-mail:
Most Popular Slideshows
- 'Game of Thrones'-like Film, 'The Queen of the Tearling,' Casts Emma Watson as Lead Star and Exec Producer [PHOTOS]
- Kim Kardashian Baby Girl: Suggested Ways Kanye West’s New Born Can Earn Money to Keep Up with the Kardashians [PHOTOS]
- Asus Transformer Infinity Pad, Sony Vaio Duo, Toshiba Satellite, A Look at Intel's Haswell 4th Generation Ultrabooks and Notebooks [Photos]
- 'Fifty Shades of Grey' Movie Casting: Selena Gomez Open to Nude Role, Ready for Anastasia Steele? [PHOTOS]