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The 22-year-old, who was named player of last year's Under-21 European Championships despite Portugal losing in the final to Germany, could cost the Gunners up to 40 million euros if he achieves certain targets. Porto's statement to the stock market added that he will sign a five year contract with Arsenal.
Portuguese champions Porto have reached an agreement for the transfer of attacking midfielder Fabio Vieira to Premier League side Arsenal for 40 million euros ($42 million), the club announced on Friday.
Porto have confirmed the deal to sell midfielder Fabio Vieira to Arsenal for £34million.
Fabio Vieira is set to sign for Arsenal in a 40m euros (£34.2m) deal from Porto, but who exactly is he?
FC Porto have confirmed that Arsenal have reached an agreement for the transfer of Fabio Vieira on a permanent deal, in a move that will be worth a total of £34 million which includes a potential of £5 million in bonuses.
Fabio Vieira is set to sign for Arsenal in a 40m euros (£34.2m) deal from Porto, but who exactly is he and what can fans expect from the midfielder?
Man Utd's 2022/23 Premier League Fixtures
Arsenal will still pursue Leicester midfielder Youri Tielemans despite agreeing on a deal to sign Fabio Vieira, according to transfer guru Fabrizio Romano.