Arsenal Seal Deal For Oxlade-Chamberlain
Arsenal have signed Alex Oxlade-Chamberlain from Southampton.
An upfront fee of £6.5m has been agreed in a deal that will rise to at least £12m.
Oxlade-Chamberlain, 17, underwent a medical earlier today and has signed a long-term contract.
Arsenal have pursued Oxlade-Chamberlain for the best part of 10 months, with Arsene Wenger and Chief Scout Steve Rowley rating the England U19 international as the best attacking player of his generation.
Attempts to sign the player fell through in January and at the start of the summer due to Southampton’s insistence on including a sell-on clause in the deal which Arsenal were reluctant to agree to.
By increasing the initial outlay from £5m to £6.5m, both clubs finally reached an agreement.