Arsenal have agreed a deal with Real Madrid to sign Germany midfielder Mesut Ozil, Press Association Sport understands.

The 24-year-old is now set to discuss personal terms over the proposed transfer, believed to be a club-record bid of 50million euros (£42.2m), and then look to complete a medical ahead of the 11pm transfer deadline.

Before Sunday's 1-0 win over Tottenham , Gunners boss Arsene Wenger had seen moves for Gonzalo Higuain, Luis Suarez and Yohan Cabaye all fail to come off, but it would now appear the Emirates Stadium club are close to finally landing a big-name signing.