Manchester United mid-fielder Henrikh Mkhitaryanhas agreed to join Arsenal, with Arsenal forward Alexis Sanchez set to move in the opposite direction.
The length of his contract at Arsenal, and his salary, is undisclosed.
Gunners boss Arsene Wenger had said striker Sanchez would only join United if Mkhitaryan moved to Arsenal.
Meanwhile, earlier today, Manchester City beat Newcastle 3-1, Manchester United defeated Burnley 1-nil, Arsenal beat Crystal Palace 4-1 while Chelsea thrashed Brighton 4-nil.
