The French newspaper claim the Gunners have wrapped up a deal for the young midfielder.
The 17-year-old is an attacking midfielder who has represented his nation at age-grade level, with the Gunners reportedly impressed with his form for France under-18’s.
Bennacer made a number of first-team appearances for Ligue 2 side Arles last season but is set to join the North London club for a compensation package in the region of £150,000.
talkSPORT claim that City had been hopeful of wrapping up a deal for the teenager, but Arsenal have overtaken their rivals and won the race for the starlet’s signature.
Bennacer will join a host of other supremely talented young players in the Emirates Stadium outfit’s ranks and is expected to line up for the under-21 side rather than staking a claim for first-team inclusion.
A host of Arsenal’s other young stars such as Jeff Rene-Adelaide, Chuba Akpom and Alex Iwobi have all starred for the senior side in pre-season, indicating that the future is bright for the North London side.