Sunday, 7 August 2011

Arsenal close in on £12m Oxlade-Chamberlain deal

Arsenal are poised to complete the £12m signing of Alex Oxlade-Chamberlain from Southampton  and also hope to confirm two further additions to their squad this week.Negotiations for Oxlade-Chamberlain, who will be 18 next Monday, have been protracted, with Southampton understood to have been holding out for a sell-on fee of around 40pc. However, further talks have resulted in an agreement being neared on a deal that would involve Arsenal paying around £7m up front and then a further £5m dependent on various performance-related add-ons.The deal should be completed this week, with personal terms expected to be a formality. After such a difficult summer, the signing of Oxlade-Chamberlain represents a considerable coup for Arsenal. Liverpool had an offer turned down in January, while Manchester United also asked to be kept informed of any deal's progress.

Oxlade-Chamberlain has always made it clear that his preference is for Arsenal and, although he is unlikely to feature prominently in the Premier or Champions League this season, he will be given his chance in the Carling Cup and potentially the FA Cup.

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