Arsenal have agreed a deal with Bayer Leverkusen to sign Piero Hincapie on a season-long loan with an option to buy.
The package is worth £45m and the Ecuador international has been given permission to travel for a medical this weekend.
A five-year contract has been agreed with the 23-year-old if the option is triggered.
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The Hincapie deal will accelerate Porto’s move for Jakub Kiwior.
The deal for the Poland international is a loan with an obligation to buy and is worth £24m.