Arsenal accepts offer to sell Alex Iwobi to Everton for £40m

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Alex Iwobi set for £40m Everton switch as Arsenal race against the clock for Luiz

Alex Iwobi is on the verge of a dramatic record breaking move to Everton.

The Toffees saw a £30 million ($36.4m) bid rejected by Arsenal for the winger on Wednesday, but returned with a new offer on Thursday ahead of the 5pm BST (12pm ET) summer transfer deadline.

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Arsenal accepted the bid, which Goal has been told could eventually total up to £40m ($48.6m), and paperwork has now been filed to the Premier League by the Goodison Park outfit asking for an extension to get the deal done.

The Premier League has stated that six deal sheets were submitted before the 5pm deadline and the clubs working on those deals now have until 7pm to get them over the line.

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Providing Iwobi’s move is finalised before 7pm, he will become Arsenal’s record ever departure, beating the previous record set by Alex Oxlade-Chamberlain’s £36m move to Barcelona in 2000.

Iwobi was a key player for Unai Emery last season, making 51 appearances in all competitions and scoring six gaols.

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But he was not a regular starter and his opportunities would have been limited further during the coming campaign following the arrival of Nicolas Pepe and the return of Reiss Nelson following his loan spell with Hoffenheim.

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