English Premier League giant, Arsenal FC has agreed a fee of €20m with Deportivo La Coruna for the transfer of Perez.
Perez's former club PAOK Salonika will own €6m out of the transfer fee, while Deportivo La Coruna will own the remaining €14m.
Perez is expected to sign a four-year contract with Arsene Wenger's men after he passes a medical.
Arsenal have for a long time been on the lookout for a new striker. Perez scored 17 goals last season for Deportivo.
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