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Arsenal transfer target Adam Hlozek has reportedly agreed to join German giants Bayer Leverkusen.

The news comes after Bayer qualified for next season's Champions League by finishing third in the Bundesliga. Mikel Arteta's side missed out on a place in the competition after finishing fifth in the Premier League and will compete in the Europa League.

Hlozek, 19, is one of Europe's most promising young forwards. The teenager has already won 12 senior caps for the Czech Republic and has scored 40 goals in 131 club appearances for Sparta Prague. He was named Czech Talent of the Year in 2019.

According to Patrick Berger - a journalist who works for German outlet SPORT1 - Bayer have agreed a €22million (around £18.75m) transfer fee with Sparta for Hlozek's services. The youngster has reportedly agreed a five-year deal with the German giants, turning down interest from rivals Bayern Munich and Borussia Dortmund.

As reported by The Athletic on Tuesday, Arsenal are strong admirers of Hlozek and were aware of Bayer's interest. It's believed the Gunners were slow to make a move for the emerging talent because they were clarifying their forward targets ahead of the window.

Arsenal need to sign at least one striker this summer. They have just two senior