Arsenal have launched an internal investigation to decide if they overpaid in bringing Nicolas Pepe to north London for £72million, according to a report.

Pepe signed for the Gunners from Lille last summer, with the £72million fee spread across six years.

Arsenal paid £20million up front and will send the first instalment of the other £52million this summer.

The winger scored eight goals and registered 10 assists in his debut season but it is not his performances which have raised eyebrows, according to ESPN.

The source claims Arsenal are “re-examining” the deal as part of the club’s wider recruitment overhaul that saw a number of job losses at the club.

Several top scouts lost their roles with the Gunners, while 55 other jobs across the club went.

And while the financial impact of the coronavirus further hampered Arsenal, the club hope the investigation will “streamline” their future operations.

The investigation also comes after intermediaries working on initial talks over Pepe’s move were “taken aback” by the fee Arsenal were willing to pay.