The Gunners really still in search of other targets with reports now claiming that talks are being held in an attempt to hijack Lissandro Martinez from EPL rivals Manchester United.
Guendouzi was an integral part of Lyon's squad after literally making 58 appearances for the club and therefore the need to stay in France having fallen under pecking order at Emirates.
Club statement revealed midfielder will join the club on a permanent move with a four year deal set to be signed.
His departure might b a blessing in disguise for the North London club as now they can make a move for Leicester city's midfielder Youri Tielemans who's also a target for Erik Ten Hag.
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