Arsenal midfielder Francis Coquelin set for exit door after Arsene Wenger confirms midfielder is on verge of agreeing £10.6m move to Valencia

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Francis Coquelin has agreed a contract with Valencia.

The Arsenal midfielder is expected to finalise his move before the weekend as the clubs discuss a transfer worth £10.6million.

Valencia had proposed an initial loan deal until the end of the season with a fee of £2.6m to navigate Financial Fair Play regulations.

Francis Coquelin has agreed a contract with Valencia ahead of a £10.5m move to Spain

Arsene Wenger confirmed the move following Arsenal's 0-0 draw with Chelsea in their Carabao Cup semi-final first leg. 

Asked on Sky Sports whether he could confirm the midfielder was on his way to Spain, the Frenchman replied: 'Yes.' 

Sportsmail revealed on Monday the La Liga side were in pole position for the 26-year-old ahead of West Ham.

The Frenchman has been at Arsenal since joining from Stade Lavallois as a 17-year-old in July 2008 following a successful trial.

He spent loan spells away at Lorient, Freiburg and Charlton before eventually becoming a first-team fixture in the second half of the 2014-15 season.

Coquelin has gone on to make a total of 159 first-team appearances under Arsene Wenger but has never found the back of the net.

The Arsenal midfielder is expected to finalise his La Liga move before the weekend