But despite costing a whopping £72m to lure to north London from Lille, there will still be far bigger earners than him at the Emirates Stadium.
The Ivory Coast international is on course to become an Arsenal player very soon.
A deal was agreed between the two clubs at the start of the weekend.
And Unai Emery will look to fit Pepe into his team alongside Pierre-Emerick Aubameyang and Alexandre Lacazette in attack.
The latter’s fitness is a slight immediate concern ahead of the beginning of the new season.
Lacazette was substituted due to a “sprained ankle” less than 12 minutes into yesterday’s 2-1 defeat to Lyon in the Emirates Cup, and the Frenchman then left the stadium wearing a protective boot.
Pepe’s arrival seems timely with Arsenal kicking off their Premier League campaign in less then a fortnight, playing away at Newcastle on August 12.
The Lille goalscorer’s arrival is sure to create huge excitement among Arsenal fans given the forward’s goalscoring record in Ligue 1 last season.
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“The 24-year-old will be handed wages worth around £140,000-a-week”
He netted 22 times in France’s top flight – the same number Aubameyang scored for the Gunners in the Premier League as he was crowned the joint winner of the Golden Boot.
However, Pepe will not be on nearly as much money as his strike partners, as well as two other Arsenal players who are not even guaranteed starters these days.
According to The Sun, the 24-year-old will be handed wages worth around £140,000-a-week.
It is expected Pepe will sign a five-year contract, but his salary is way below four of Emery’s current crop.
Mesut Ozil, 30, is comfortably Arsenal’s top earner on £350,000-a-week, with the next highest being Aubameyang, 30, on £200,000-a-week.
Pepe will subsequently be getting less than half what Ozil rakes in at Arsenal despite the German not always being preferred by Emery in his first XI.
Lacazette, 28, is the Gunners’ third-highest earner on just over £180,000-a-week, while Henrikh Mkhitaryan is only fractionally below him.
Arsenal were prepared to let the ex-Manchester United attacking midfielder go this summer to help with their wage bill and transfer funds, but the 30-year-old looks set to stay put instead.
All four players are significantly older than Pepe and, interestingly, only Lacazette has more than two years left on his contract with his current deal expiring in 2022.