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That is according to Italian football journalist Emanuele Giulianelli, who claims Monaco are just waiting to snap up a replacement before Lemar’s move to the Emirates Stadium is rubber-stamped.
Arsene Wenger has had a series of bids rejected for the 21-year-old winger by the Ligue 1 champions.
Monaco are adamant Lemar is going nowhere after selling a number of their star men from last season.
But Giulianelli believes he will be sold and tweeted: “To all the Arsenal supporters asking me about Lemar I can answer: don’t worry, he will join the Gunners.”
When asked whether the deal was 100 per cent agreed, he replied: “Done, but Monaco want to have a substitute first.”
Lamar enjoyed an incredible season for Monaco last term, providing 14 goals and 17 assists in 55 appearances.
He has been discussed as a potential replacement for contract rebel Alexis Sanchez.
The Chile international has entered the final year of his contract and sparked speculation over his future after claiming he is sick two days before returning to training.
It was reported last month that Lemar has already agreed terms on a move to Arsenal.
According to The Sun, his representatives have given the green light to a £90,000-a-week deal.