Arsenal striker Eddie Nketiah has joined Crystal Palace for a fee in the region of £30m.

The 25-year-old has signed a five-year deal with the Eagles.

The South London-born player is the club's fifth signing of the summer transfer window, and follows the deadline-day arrival of French defender Maxence Lacroix, who signed for £18m.

"It's amazing to sign for Crystal Palace – I'm excited to get going," said Nketiah. "Every time I come back to South London, it always puts a smile on my face, so it's good to be back home."

Palace chairman Steve Parish added: "It's brilliant to welcome Eddie, a senior England international, back to South London. We are delighted he has signed for Crystal Palace. I am confident that his energy, talent and hunger to succeed will endear him to his new team-mates and supporters alike."

Nketiah moved to Arsenal aged 14 from Chelsea's youth set-up and went on to score 38 goals in 168 games for the Gunners.