The Italian club have completed the signing of the French attacker, who failed to hold down a regular place at the Stade de Gerland, for a €2.5 million feeOlympique Lyonnais have confirmed the sale of attacker Ishak Belfodil to Parma for €2.5 million.
The France Under-20 international spent the second half of last season on loan at Bologna and had been locked in talks with the Rossoblu regarding a permanent deal.
However, he will now complete a transfer to Parma on Monday upon completion of a medical with the Stadio Ennio Tardini outfit.
Lyon have also announced that they are entitled to 20 per cent of any profit that Parma get from the future sale of the 20-year-old.
The Algeria-born born striker, who broke into Lyon's first team in 2009, made eight appearances for Bologna, failing to find the back of the net for the Italian club.