LYON, July 30 (Ligue 1) - Frederic Piquionne is on the verge of signing for Lyon after the French champions reached an agreement with Monaco over the sale of the France striker.
The 29-year-old is set to sign a four-year deal with Les Gones, moving for a reported fee of 4.5million euros should he pass a medical.
Monaco announced on their official website, that Piquionne would be leaving.
A statement read: 'Monaco and Lyon have come to an agreement for the transfer of Frederic Piquionne.
'The 29-year-old France international striker will play for the seven-time champions next season if he passes the medical.'
Lyon had been closely linked with Piquionne for a few weeks as they intensified their search for another striker.
They were close to signing him in the 2007 January transfer window but St Etienne did not want to sell their star player to a rival club and instead offloaded him to Monaco for six months on loan.
He eventually signed for the principality club for 6.75million euros.
Piquionne, who has played once for France, scored just seven times in Ligue 1 last season but that did not dissuade Lyon from making a fresh offer.
His arrival at the Stade Gerland may pave the way for the departure of Milan Baros, who spent the second half of last season on loan at English Premier League side Portsmouth.
Piquionne will provide competition for Karim Benzema, undoubtedly Lyon's first-choice striker, and Brazil international Fred.