Initially, it was believed that Arsenal will have to pay €20m for Lucas Perez, plus an additional €4m in tax.

But now, it transpires that Arsenal will also pay the additional €1m that has to be paid out to Perez’s former teams according to local press reports.

Split between the teams he played for before he was 23, due to the way the appropriate percentage is worked out, Victoria will receive around €300,000(he was with them from age 7 to 16, but the fee only applies to the four years from 12 to 16), Atletico Arteixo €100,000 (1 season as a youth). Alaves, Atletico Madrid, and Rayo Vallecano will receive €500,000 between them. The remaining €100,000 is to be split between Ordenes and Montaneros where he spent time in 2007, aged 19.

This brings the total Arsenal will pay to just over €25m, not including the player’s wages which are €2.5m per year over the course of four years.

That’s a total of €35m.

Perez landed in London on Monday evening and is expected to be presented, along with Shkodran Mustafi, later today.

Capable of playing behind the main striker or out wide, Perez can also add plenty of creativity to Arsenal’s front line, with some impressive chance creation stats.

Sure, the Gunners already have Mesut Ozil for this kind of thing and would much rather have someone to finish off these chances, but every little helps.

The quick Perez, 27, netted 17 La Liga goals for struggling Deportivo last season and his firepower will be badly needed at the Gunners.

Manager Arsene Wenger confirmed last week that both Perez and Valencia’s £35m German defender Shkodran Mustafi had had medicals and the announcement of the deals will be imminent.


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