Chelsea have reportedly reached an agreement with Arsenal over an £18million move for striker Olivier Giroud according to Daily Mail.

Chelsea walked away from negotiations earlier but the Blues resumed talks and finally reached an agreement with the Gunners.

Giroud would reportedly receive a pay-rise on his current £90,000-a-week Arsenal contract, while it is thought he will sign an 18-month deal at Stamford Bridge.

Arsenal initially requested for a fee of £30 million for the 31-year-old striker before finally accepting £18million.

According to reports, Arsenal had to lower their asking price for the striker in order to secure the signing of Pierre-Emerick Aubameyang from Borussia Dortmund.

Dortmund were reportedly unwilling to confirm the sale of Aubameyang without landing Chelsea striker Michy Batshuayi, a transfer Chelsea refused to sign off on until the Blues landed a replacement.