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understands that Vieira is set to become the north Londoners' third signing of the summer following deals to sign American goalkeeper Matt Turner and Brazilian youngster Marquinhos.
The Gunners agreed a £34million deal to bring the Portuguese playmaker to the club last week, with an official announcement expected in the coming days.
However, the aforementioned Lobo has made it no secret of his frustration with the deal, claiming that Porto should have demanded much more money for the talented 22-year-old.