The Dutchman is due in
"Manchester United is pleased to announce it has reached agreement with
"The deal is subject to a medical and the agreement of personal terms. A further announcement will be made in due course."
No fee has been announced by United, although it is believed to be around the £20 million ($29.88 million) mark, with further payments to Arsenal depending upon success in the future.
It has been suggested
The transfer represents the biggest deal United has done since Dimitar Berbatov's club record £30.75 million ($45.93 million) move from Tottenham Hotspur in 2008.
It comes at a time when further questions are being raised about the finances available to Sir
The United boss has consistently stated how much backing he has received from the Glazer family.
Despite the presence of England's
The Red Devils initially lodged a bid for the 29-year-old last month, but that was turned down amid further interest from Manchester City and Juventus.
However, City never followed up an initial inquiry, while
Having taken the unusual step of confirming a bid for
Wenger did not want to sell his star man to a rival club, however Arsenal supporters turned against their former favourite during a pre-season encounter with Cologne last weekend.
United fans will certainly be thrilled by the potential of Rooney partnering last season's
If there is a risk to the transfer it may be
In only three of his other seven seasons has he featured on more than 35 occasions.
Ferguson will presumably believe he has the resources that will ensure not too much is demanded of
Staff at Hearts will be made redundant as the process of seeing the club through a cashflow crisis begins, joint-administrator