Fabrizio Romano writes on Twitter that an official statement will soon be released to confirm the transfer of Sao Paulo winger Marquinhos to Arsenal for €3.5m.
The winger is set to sign a five-year deal to join the Gunners in the coming days.
Romano previously claimed the move was a done deal, with Marquinhos set to sign a contract to June 2027.
Ryan Taylor of the Daily Express also reported that Marquinhos’ recent absence from the Sao Paulo squad is linked to the Arsenal move, as it’s now in the final stages.
Taylor reports that Marquinhos will start out as a development or squad player, and could be sent out on loan in Europe next season. But nothing has been decided yet.
Goal’s Charles Watts added that the teenager is being signed as one for the future, though he could get a chance in pre-season.
Arsenal are still looking to bring in two senior forwards on top of the Marquinhos deal.
Under normal circumstances, those in Brazil believe Marquinhos would be worth much more than €3.5m. Jorge Nicola claims the player should be worth at least five times that amount. But his contract situation is complicated.
When Marquinhos signed his first professional deal in 2019, he agreed a five-year deal with Sao Paulo.
That length of contract is allowed by the Brazilian Football Confederation, but FIFA do not recognise first professional contracts longer than three years.
So according to FIFA, Marquinhos is out of contract this summer, and Sao Paulo have been unable to convince him to extend.
As a result, the young winger is technically under contract according to his local federation, but that contract wouldn’t hold up if put to FIFA. The simplest solution for Sao Paulo is to sell cheap.
Arsenal could have attempted to sign Marquinhos for free in the summer, but it might have ended up getting messy, and the chance to bring the player without a fee would likely have attracted attention from others.
The Gunners have instead opted for a minimal fee to get the signing done and build a relationship with Sao Paulo, who will be grateful to get anything at all.