It seems we're one step closer to the signature of Gonzalo Higuain following the £10m signing of Carlos Tevez by Juventus yesterday.
With personal terms tied up weeks ago, we were told all that we were waiting for was for Real Madrid to appoint a new manager and for him to sanction the move.
Carlo Ancelotti was presented to the media at the Bernabeu yesterday, so that box is finally ticked. Now we need him to press the green light on Arsene Wenger's bid for Higuain.
The player’s brother Nicolas has confirmed the Argentine star is on the brink of a move to the Gunners following Tevez's move to Italy.
"If Tevez joins Juve, is Higuain closer to Arsenal? I think so.
"Juventus is a great club but Gonzalo is too expensive for them. I cannot deny that Gonzalo is now close to Arsenal."However The Times believe Real Madrid president Florentino Pérez wants to use Higuain and team mate Fábio Coentrão as makeweights in a player-plus-cash deal for Gareth Bale.
I can't imagine a situation where Higuain would agree to go from a Champions League club to one that plays on Thursday nights in the Europa League. He's at too an important stage in his career for that and with the World Cup coming up next summer will want to secure his future at one of Europe's elite clubs and Arsenal can boast to be one of those ahead of their north London neighbours.
The player wants to come to Arsenal. He has been persuaded by Arsene Wenger to join and the personal deal on the table is better than anything Spurs could offer him.
So I think it's more than likely we'll see him in an Arsenal shirt come the opening game of the season.
Elsewhere, the Daily Star are reporting Arsenal are putting together a deal to entice Wayne Rooney to the club.
Now there is nothing new in the story really, but it appears that we do hold a real interest in signing the England man. Lets hope if Arsene Wenger does want to bring the Manchester United man to north London Ivan Gazidis has done all the penny counting sooner rather than latter.
There would be no point smashing the piggy bank open only to find we don't have enough cash to finance the deal.
Personally I can't see us going for Rooney once the Higuain deal is tied up. I think we'll turn our attentions to other areas of the pitch. But of course if an we're offered an amazing deal on the England man, I certainly think we should consider bringing him to the Grove.
That's it for today. Back with more tomorrow.