The French striker, 25, has agreed a five-year deal after helping minnows Montpellier win the Ligue 1 title.
Giroud will have a medical tomorrow or Tuesday before he is officially unveiled as a Gunner.
Boss Arsene Wenger has been at Euro 2012 to see Giroud make three appearances as a sub for Les Bleus, including the final 11 minutes of last-night’s quarter-final defeat by Spain.
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