Arsenal have agreed a deal with Ligue 1 outfit Lens for youngsters Jeff Reine-Adelaide as well as Yassin Fortune, according to The Mail.
Reports have already surfaced with regards to Fortune, who was also a target for Manchester United before agreeing a switch to north London.
The Red Devils dropped their interest because they felt the asking price for the U17 international was too high.
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Considering the amount of money Manchester United are preparing to spend in this summer's transfer window, such a claim is scarcely believable, but Arsenal have taken advantage on some uncharacteristically frugal behaviour from Louis van Gaal.
Not only that, but Arsene Wenger has also managed to get Reine-Adelaide included in the deal as well, which will cost the Gunners an initial £3 million but also include bonuses related to future performance.
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Both players have represented France at U17 level and are primarily strikers, but are versatile enough to drop into attacking midfield.
It is Wenger's latest forage into his homeland where he has experienced unprecedented success in the transfer market. While Bacary Sagna, Laurent Koscielny and Samir Olivier Giroud have been tremendous successes, there have also been some notable duds.
Yaya Sanogo was the last player to arrive from France while the likes of Pascal Cygan and Sylvain Wiltord have also failed to impress in the past.
Sanogo, 22, has an uncertain future at the Emirates after failing to impress during a loan spell at Crystal Palace. It is hard to see where the striker will fit in and reports are already suggesting he will be sold this summer.
If Fortune and Reine-Adelaide break into the first-team, it is likely they will be doing so under a new manager.
Wenger is expected to retire when his current contract expires in 2017 and club operations are slowly being taken out of his hands.
Most notably, the Arsenal academies new chief, Andries Jonker was hired without Wenger's consent, hinting that Ivan Gazidis is preparing for life without the legendary Frenchman.
Are Arsenal right to be preparing for life without Arsene Wenger NOW?
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