Arsenal coach Unai Emery says the proposed deal for Lille forward Nicolas Pepe has not yet been sealed, describing it as 'not closed'.
Lille president Gerard Lopez told RMC Sport on Wednesday that Pepe's move to Arsenal for £72.8 million (€80m/$88m) would soon be completed.
That fee would break Arsenal's transfer record but Emery is cautious over the Ivory Coast international's future, although he suggested Pepe may not be the last new arrival.
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"He played here in Angers a few years ago, and then in Lille. He has progressed as a player," Emery told reporters after a pre-season friendly against the Ligue 1 side.