Man Utd and Arsenal snubbed! Premier League rival set to win £34m race for Greek wonderkid Charalampos Kostoulas

According to journalist Ben Jacobs, the 18-year-old is set for a medical with Brighton on Wednesday ahead of a £34m move ($46m). The young forward has been scouted by Arsenal and United but it seems Brighton have won this transfer race.

The teenager, who has also been linked with Real Madrid and appears to be a star of the future, has been credited with interest from top teams but once again, Brighton's track record of giving youngsters a first-team pathway may have swayed the Greek Under-21 international. This is one of their biggest transfer signings of all time, highlighting just how much faith they have in Kostoulas.

The 6ft 1in attacker has scored seven goals in 35 games for Olympiacos, but six of those came in his last 15 league outings this season. He also helped the Greek giants win the Super League and Greek Football Cup this term.

It may just be a matter of time before Brighton announces the signing of Kostoulas. He will be the Seagulls' second summer signing, following the capture of Sunderland winger Tom Watson, 19, for a fee worth around £10m ($13.5m).