Arsenal striker Lucas Perez on verge of Deportivo return

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Deportivo have Thursday and Friday to complete the loan move for Lucas Perez
The Arsenal striker has turned down approaches from Newcastle and Sevilla
The two clubs have agreed a £4m loan fee, with Perez keen on a return Deportivo
Transfer news LIVE: Follow latest updates here from Premier League and Europe

Published: 05:45 EDT, 31 August 2017 | Updated: 12:49 EDT, 31 August 2017

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Arsenal cast-off Lucas Perez is on the brink of signing a season-long loan deal with Deportivo La Coruna.

The two clubs are understood to have agreed in the past hour a £4m loan fee for the campaign.

Perez has turned down approaches from Newcastle and Sevilla on Thursday as he seeks to force a return to Deportivo over the line.

Lucas Perez is close to a return to Deportivo on loan following a tough season at Arsenal

The La Liga outfit have both Thursday and Friday to complete the loan move for their former striker as the Spanish window closes a day later.

Arsenal initially wanted a transfer of £12m but Deportivo do not have the financial means and Perez has insisted he will only go to the Spanish club he left behind last summer in a £17.1m deal.