Crystal Palace have signed Naouirou Ahamada from Stuttgart for 11 million euros (£9.7 million), while Arsenal's Albert Sambi Lokonga is on loan at the club.
France International Youth Ahamada, 20, has agreed to a three-and-a-half-year contract that is subject to international approval.
In 17 Bundesliga starts this season, the midfielder has scored twice and provided two assists.
Lokonga, 23, will remain with the Eagles until the end of the season.
This season, the Belgian holding midfielder has made 15 appearances in all competitions for Premier League leaders Arsenal.
Ahamada represented France at the under-18 level and trained at Juventus before joining Stuttgart in 2021.
"I'm very happy to have joined this club. It is an amazing club, and I'm very excited to get started," Ahamada said.
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