The Gunners are due to pay £30m up front for the 25-year-old, with a further £2m due in what are understood to be achievable add-ons.
Zinchenko has also agreed personal terms in principle with Arsenal and he will sign a four-year contract with Mikel Arteta’s side.
The move is a major boost for Arsenal, who have been wanting to bolster their squad at left-back as well as in midfield.
Zinchenko will provide competition for both of those places and the Ukraine international brings a wealth of experience too.
Arteta knows him well from their time together at Manchester City and their relationship has helped talks move swiftly.
Manchester City are now looking to replace Zinchenko and Brighton’s Marc Cucurella is their top target this summer for that role.
