PARIS, July 5 -- French forward Alexandre Lacazette set up a club record transfer fee of Premier League side Arsenal with a move from Ligue 1 outfit Lyon on Wednesday.

Arsenal announced that Lacazette has agreed to join on a long-term contract without specifying the fee. According to a press release from Lyon, Lacazette's transfer fee could reach as much as 60 million euros, including a seven-million incentive.

That would beat the previous record of 50 million euros paid to Real Madrid for Mesut Ozil in 2013.

"We are very happy to have Alexandre join our group," said Arsenal manager Arsene Wenger.

"He has shown over a number of years that he can score goals and that he is a very efficient finisher. As well, he has very interesting technical qualities and a strong character.

"So he is a guy who is a great addition for us, and someone who will help us challenge at the top level this season," he added.

Arsenal said that the deal of Lacazette "is subject to the completion of regulatory processes". The Frenchman was expected to fly with the team to Sydney for pre-season tour, with his home debut likely in the Emirates Cup on July 29 or 30.

"Throughout my childhood, thanks to Thierry Henry and other French players, I always dreamed of playing for this club so today that dream has been fulfilled," Lacazette told the club's website.

Since joining the youth academy at the age of 12, Lacazette has developed himself as one the best strikers in Lyon.

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