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Deal Almost Done: Arsenal sign new player from Porto for €40 million

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Arsenal are close to welcoming a new player in the person of Fabio Vieira from FC Porto.

A report via ESPN revealed the deal is worth up to €40 million.

According to the report, the 22-year-old star will undergo his medical in London on Friday.

He is expected to sign a five-year contract deal with the Gunners.

The terms of his contract reveal the Gunners will pay an initial €35m with a further €5m possible in performance-related add-ons.

Vieira scored seven goals and created 16 assists in 39 appearances for Porto where he plays primarily as a No.10 or off the right flank.

Arsenal coach Mikel Arteta may consider playing him as a false nine next season.

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Viera is yet to make a senior international appearance for Portugal, this is expected to change should he impress at the North London side next season.

The Portuguese had a release clause of €50m on his deal with Porto but sources have confirmed the club have accepted a lower offer from Arsenal.

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