Arsenal have agreed a deal with Crystal Palace to sell defender Rob Holding, and the player will now depart the club.
The centre-back will move across London for a fee of around £4m, and is expected to sign a three-year deal at Selhurst Park.
Holding had interest from sides in La Liga, but preferred to stay in England, and will now join Roy Hodgson’s side.
The Athletic have reported that a medical is due to take place imminently before completing a permanent move, ending his seven-year career at Arsenal.
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Holding found himself surplus to requirements this season, failing to make a single matchday squad in the Premier League despite a long-term injury to Jurrien Timber.
The 27-year-old made 162 appearances for the club, scoring five goals, and Arsenal will be making a small profit on the £2.5m they paid to Bolton for him in 2016.
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Is £4m a good fee?
As an English, Premier League experienced defender in his prime years, with a year and an optional extension on his contract, £4m feels slightly low compared to other deals this summer.
Given that there was interest from a number of clubs, it feels like yet another deal where Arsenal have failed to maximise the transfer value of a player, and £4m will hardly make a dent in terms of recovering the money spent this summer, with an outlay of over £200m.
It was clear that Holding had to leave, and a permanent deal is better than a loan, but this fee does not give Arsenal any extra leeway in potentially aiming to bring in another player, but it does mean Arsenal will get his wages off the books.
Arsenal have struggled with sales all summer, and have had to settle for loan deals for the likes of Kieran Tierney and Nuno Tavares, so earning some money will be a little bonus for Edu Gaspar.