Ben White helped Brighton avoid relegation from the Premier League last season with 36 appearances; a sell-on clause has been placed into the deal for the England defender, who is scheduled to undergo a medical this week.
According to Sky Sports News, Arsenal had a £40 million deal for the centre-back rejected in June, and an upgraded offer of £47 million was also rejected before Brighton agreed to the £50 million sum.
White, who started all but two of Graham Potter's side's Premier League games last season as the south coast club survived relegation with a 16th-place finish, has also been given a sell-on clause.
Gareth Southgate chose the 23-year-old for England's Euro 2020 campaign, and he participated in the two warm-up games against Austria and Romania before the tournament began.
With 46 goals conceded last season, White helped Brighton achieve the joint-best defense in the Premier League's bottom half.
The England international defender joined the Seagulls from Southampton in 2014 and has since made 41 appearances in all competitions for the club.
Before breaking into Brighton's first team last season, he had a number of loan spells. When White spent the 2019/20 season at Elland Road, he assisted Marcelo Bielsa's Leeds United in gaining promotion to the Premier League.
Following the additions of left-back Nuno Tavares from Benfica and central midfielder Albert Sombi Lokonga from Anderlecht, White would become Mikel Arteta's third summer acquisition.
Meanwhile, Arsenal are pondering a third proposal for Sheffield United goalkeeper Aaron Ramsdale in the region of £25 million.
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