The Brazilian will sign a three year deal with the Greek side
after Arsenal accepted a £1 million offer for their veteran
midfielder.
Ken Friar, Arsenal’s acting managing director, confirmed the news.
He is quoted as saying in The Sun: “We have agreed to the transfer
and signed the papers. It is now an official agreement.”
Friar, also acknowledged that Arsenal had received other offers for
the player, the paper suggests Everton were one of the interested
parties, however it is claimed that the player himself wanted to
move to Greece. Friar confirmed: “We had other offers but we
respected Gilberto's desire to sign for Panathinaikos.”
Goal.com surces in Greece confirm that the player is expected in
Athens on Wednesday morning to complete a medical and put pen to
paper.