Monaco have agreed a deal with Sturm Graz for the signing of forward Mika Biereth.
Monaco are set to pay an initial fee of €13million (£10.8m, $13.4m) for the 21-year-old, with an additional €2m in potential add-ons.
Arsenal would also be due a percentage of the transfer fee as part of the sell-on clause they negotiated when Biereth moved from the club to Sturm Graz in the summer.
The Denmark youth international joined the Austrian top flight side for a club record £4m in July and has scored 14 goals in 25 appearances in all competitions this season.
He had spent the second half of the 2023-24 campaign on loan at Sturm Graz, scoring nine goals in all competitions and helping the club win the Austrian Bundesliga.
Biereth joined Arsenal from Fulham in 2021 and had loan spells at RKC Waalwijk and Motherwell before moving to Austria.
The move would mark another significant profit Sturm Graz have made on a striker in recent years, having signed Rasmus Hojlund from FC Copenhagen in January 2022 before selling him to Atalanta that summer.
Monaco are third in Ligue 1, 10 points behind leaders Paris Saint-Germain. In December, the club’s former Arsenal striker Folarin Balogun was ruled out for four months after undergoing shoulder surgery.
Monaco return to action with a trip to Nantes on Friday.
(Denis Charlet/AFP via Getty Images)