Arsenal agreed a deal worth £105m to sign West Ham and England midfielder, Declan Rice, last week.
However, talks were continuing between the clubs over how the deal would be structured for the 24-year-old.
Now though, it appears the two London outfits have come to an agreement.
According to the Athletic, Declan Rice has been given permission to undergo a medical and finalise personal terms with Arsenal.
This comes after an agreement has been reached, which will see three instalments paid over 24 months, and Rice will undergo a medical ahead of completing what would be a Premier League record move for a British player.
The previous record was Jack Grealish’s £100m move to Manchester City from Aston Villa in 2021.
Rice is expected to replace Thomas Partey at the base of Arsenal’s midfield, joining Kai Havertz and Jurrien Timber as new summer signings ahead of a campaign Arsenal will be looking to challenge Man City for the Premier League title once more, as well as compete in the Champions League for the first time since 2017.