Montpellier president Louis Nicollin claims Arsenal has completed the signing of
Giroud, part of
The 25-year-old scored 25 goals for his club last season to help Montpellier win the Ligue 1 title, igniting the interest of several top clubs.
Last week, Gunners boss
Speaking to French newspaper Midi Libre, Montpellier president Nicollin confirmed the transfer had now been completed after Arsenal met the player's release clause.
Nicollin said: "I wish him well."
Arsenal has not yet made any official comment, but Press Association Sport understands an announcement by the Premier League club is imminent.
Once the transfer for Giroud is formally complete, Arsenal could then look to offload some of its fringe players, including
However, Nicollin maintained a move to take Chamakh in the opposite direction back to
Wenger, who is at EURO 2012 working as a media pundit, is convinced Giroud can be a big hit at Arsenal.
"I think he has exceptional potential and will integrate very well in our collective and our way of playing," he said last week.
"He is a real team player and knows how to combine with other players and I'm sure he will do well with us."
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