Arsenal have reached terms with Ajax for Tommy Setford.
The England youth international goalkeeper has agreed to move to London and now the two clubs have settled on a fee.
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The Athletic's David Ornstein is reporting: "EXCL: Arsenal strike agreement with Ajax to sign goalkeeper Tommy Setford.
"Fee for 18yo Ajax talent & England youth international around €1m + add-ons.
"Highly-rated prospect expected to join on initial 4yr contract to bolster AFC ranks."