And following Nice’s 3-2 friendly defeat to Brentford in London on Saturday, Nice manager Puel told Sky Sports that Ospina, 25, had agreed to join the North London club.
"It is confirmed," Puel told Sky Sports News. "He has the quality, he is very good with his feet, his arms, he knows football well.
"It is fantastic for him. David can take the goalkeeper place at Arsenal. He is a great player, magnifique."
There is no word from Arsenal but Ospina, available at a cut-price £3million, had looked to be on the brink of moving to the Emirates Stadium after Arsene Wenger let slip that the player would be number two to Wojciech Szczesny.
"You know at the start Szczesny will be the number one, then again we'll be down to performances and, if Ospina shows that he is better, he will play," the Frenchman had told ESPN on Friday.
Wenger's side, who won the FA Cup and qualified for the Champions League last season, have also been linked with Southampton duo Morgan Schneiderlin and Calum Chambers, although a move for Real Madrid's Germany midfielder Sami Khedira appears to have stalled.
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