Arsenal sign South Korean star Park from Monaco

Arsenal clinched the signing of South Korea striker Chu Young Park and were linked with several big money moves as transfer deadline day loomed Tuesday.

The Gunners, humiliated 8-2 by Manchester United Sunday in the English Premier League, have money to spend after the sales of Cesc Fabregas and Samir Nasri.

The 26-year-old Park leaves relegated Monaco for north London after manager Arsene Wenger moved late to sign the South Korean captain for a reported fee of $8 million.

Park, who has scored 25 goals in 91 appearances for the club formerly managed by Wenger, was delighted by the move.

"It is a dream to be here and I am really proud to be an Arsenal player," he told their official website.

Source: http://edition.cnn.com/