On July 22, Bologna announced their pre-season squad today and Karafiori was not included. Renowned journalist Fabrizio Romano reports that the player is close to joining Arsenal.
Romano points out that upon returning from his vacation, Karafiori was not called up for Bologna’s match.
Arsenal and Bologna have reached an agreement for a fee of €40 million plus €5 million in add-ons, which also includes a sell-on clause. Karafiori has agreed to a five-year contract with Arsenal, pending approval from Bologna and Basel.