FC Porto confirm the transfer of Fabio Vieira to Arsenal for €40m

Arsenal have signed Fábio Vieira from FC Porto on a permanent deal, Portuguese club statement announces. 

“Deal complete for amount of €40m, and of these, €5m are dependent on achievement of sports objectives”.

The 22-year-old has now arrived in London to undergo a medical and complete his shock £30 million (€35m) switch to north London. He will sign a five year contract.

The Gunners hope to confirm the signing quickly, either over the weekend or early next week.