After a club-record transfer fee and plenty of excitement, this wasn't how it was supposed to end for Nicolas Pepe at Arsenal as the winger makes a silent exit this summer.

The Ivorian winger joined the Gunners four years ago from French side LOSC Lille, with hopes that he would lock down the right flank for years to come. At just 24 years old and with some impressive numbers in Ligue 1, it appeared to be an exciting investment at a club-record £72million.

There would soon be doubts though as his opening campaign ended with just five goals and six assists in 31 Premier League appearances. His numbers the following season improved with ten goals and one assist from 29 league games, but the issues arose after that.

Pepe was soon competing with an up-and-coming youngster by the name of Bukayo Saka, who very quickly put himself in the frame as the first-choice option on the right. Pepe was limited to just over 600 minutes the following season before a loan spell with OGC Nice last year.

Back at Arsenal, with one year left on his contract and a few top-class options ahead of him, it seemed as though his story at the Emirates was as good as over. Plenty of transfer links have occurred over the summer, but it seems as though a deal has finally been agreed.

The 28-year-old is making his way to Turkish side Trabzonspor, with reports claiming that it will be on a short-term contract basis. According to reports from GFFN, the north London outfit are set to receive £3million for the winger's exit, a far cry from the huge investment they made four years ago.

To most, that may look as though the Gunners have lost £69million from the transfer and would come as a huge issue within their finances. In fact, that isn't quite the case as the documents will tell quite a different story once they are revealed in a couple of years.

A value of a football player is often determined by their transfer fee and that is then depreciated (similar to any asset across a company) across the length of a contract, which is called amortisation. That may be a phrase familiar with a few due to Chelsea's recent use of long-term deals to try and spread their spending.

Linking that all back to Pepe, he was signed for roughly £72million on a five-year deal, meaning that his value on the books depreciated by £14.4million every year. That means his current value before his exit is £14.4million, which would be the loss the club would take at the end of the season if he left on a free.

[https://www.football.london/]