Depay arrived in Lyon on Wednesday night and will undergo a medical on Thursday ahead of a move to the Parc Olympique Lyonnais.
Manchester United agreed a deal for Memphis Depay to join Lyon for £21.6m.
The fee is an initial £16m with add-ons. United have also inserted a buy-back option and sell-on clause.
Tianjin Quanjian's bid to sign Diego Costa from Chelsea has been blocked by new rules in the Chinese Super League, says club owner Shu Yuhui.
Clubs could previously select four foreign players of any nationality and one Asian player in a match day squad.
From the start of the new season, in March, they must
Premier league champions Leicester City have signed Nigeria midfielder Onyinye Wilfred Ndidi from Belgian side Racing Genk on a five-and-a-half-year deal subject to a work permit being granted as said by the club on Tuesday.
Arsenal star Mesut Ozil will not sign a new deal keeping him at the club, unless Arsenal boss Arsene Wenger is committed to stay at the club. This comes amidst speculation over Wenger's future after another seemingly failed campaign in the English Premier League.
Brazilian and Liverpool attacking midfielder Philippe Coutinho will
For a good period the Uruguayan professional footballer has been at the Spanish club Barcelona, they have confirmed that striker Luis Suarez has agreed a new four-and-a-half-year contract.