Arsenal have reached a full agreement with Ajax to sign defender Jurrien Timber.

The Premier League side will pay €40million (£34.3m) plus €5m (£4.3m) in largely realistic bonuses for Timber.

The 22-year-old has been granted permission to undergo medical and finalise personal terms with Arsenal.

Arsenal put in a £30m offer for Timber last month, with Ajax seeking a higher fee for a highly-rated player who has two years left to run on his contract with the Dutch club.

Timber made 34 Eredivisie appearances in what was an underwhelming 2022-23 campaign for Ajax, scoring twice and registering two assists.

The centre-back, who can also play on the right-hand side of defence, has also played 15 times for the Netherlands.

Arsenal are also closing in on the signing of Declan Rice, having agreed a fee for the England international with West Ham United. Rice has now been given permission to undergo a medical and finalise personal terms ahead of the £105m move.

Mikel Arteta’s side made their first summer signing last week, with Kai Havertz joining from Chelsea for a fee of up to £65m.