Arsenal set to sign Southampton's Alex Oxlade-Chamberlain for £12m this week - report

The Gunners are reportedly on the verge of taking the highly-rated young Saints winger to the Emirates, and not sending him out on loan but involving him in the first-team squad
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Arsenal are believed to be set to sign Southampton youngster Alex Oxlade-Chamberlain this week.

The future of the 17-year-old - who will turn 18 in just over a week - has been the subject of speculation in recent months, with the Gunners having long had an interest in signing the starlet.

For his part, the young winger recently revealed that he feels ready to play in the Premier League. And now The Sunday Mirror reports that the north London club are set to wrap up a £12 million deal for their target this week.

It is believed that a sum of £7 million would be paid to Southampton, with the price increasing based on appearances.