The 21-year-old, who scored three times in 78 games for Anderlecht and provided seven assists, has been strongly linked to a move to the Gunners in recent weeks.
According to Italian journalist Fabrizio Romano, the two have Clubs have now reached an agreement, with the Premier League expected to pay 17.5 million euros (14.9 million pounds) plus surcharges for the youngster.
Romano claims the midfielder signed a contract at the Emirates Stadium until June 2026 and Two offers from Italy to join Mikel Arteta’s team have been rejected.
Lokonga has scored three times in 37 games for Anderlecht and provided three assists, but he was not selected in the Belgian squad for Euro 2020.
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