Montpellier deputy president Laurent Nicollin has revealed that the club are in talks with Arsenal over the sale of striker Olivier Giroud.
The French international has been linked with a move to the north London club for a long time and now the Ligue 1 club's chief has confirmed that the discussions between the two sides are progressing well.
"Discussions are happening in a cordial fashion. Things are moving serenely," the Telegraph quoted Nicollin as saying.
Giroud scored 21 league goals last season to guide Montpellier to their first ever league title. It is understood that even if an agreement is reached between the player and the clubs, the official announcement will wait for the conclusion of Euro 2012 or at least till France is eliminated.
Meanwhile, Giroud has remained coy about a potential move to Arsene Wenger's side and insisted the European Championships was not the time to discuss his future.
"It's nice that people talk about me but I can't talk about my future right now," Sky Sports quoted the 25-year-old as saying.
If the deal goes through, the striker will join Germany forward Lukas Podolski at Arsenal as the new arrival at the attacking front, meaning that Wenger will look to move out fringe players Nicklas Bendtner, Carlos Vela, Marouane Chamakh and Park Chu-Young.
In other Arsenal news, club legend Thierry Henry has stated that he might not go into a managerial role once he calls time on his playing career.
The former Gunner had previously said that a move into coaching was something that he would strongly consider. However, the 34-year-old has now feels that he could find it too challenging to manage players.
"The more I think about it, it's pretty difficult. You don't think about it but you need to be a teacher. Teaching isn't easy. Sometimes you see things yourself but how do you pass it on? When you know something and you're talking to someone who just doesn't get it... that must be hard. It's like if I only talk to you as a boss, it's [one thing]. But you have to teach 30 players. Going through all of their temper, their character and dealing with big players ... wow," Goal.com quoted the New York Red Bulls striker.