A report in South America is claiming Arsenal have completed a pre-contract agreement with Anderlecht striker Matias Suarez.
Respected journalist Javier Perez, who writes for Pasion De Multitudes, is reporting the details of the agreement after holding a phone conversation with the player, who was in Turkey for a winter training camp with his club colleagues.
French publication L'Equipe have also ran the story, claiming a deal is in place for the 23-year-old forward, who can also play on the wing, to join the Gunners at the end of the season.
"The deal will not be officially announced until later on in the season, as there are still a few bits and pieces that need to be ironed out," wrote Perez on his blog.
"Arsenal wanted him to move during the January transfer window, but will be happy to have reached a compromise that sees them securing a player they have admired and watched many times last year."
Perez goes on to claim that the transfer fee is in the region of €7 million, short of Anderlecht's original €10 million valuation they had in place for the player.
Arsene Wenger is thought to be in the market for a long-term striker deal, bringing club-legend Thierry Henry to the Emirates Stadium in January on a two-month loan in an effort to solve their attacking problems in the short-term.
However, Marouane Chamakh and Park Chu-Young have both failed to inspire for Arsenal when given their first team chance, leading to speculation that the Frenchman may look elsewhere at the end of the season.
The arrival of Suarez would be an exciting one, with the Belgian Player of the Year in 2011 already a hot topic for the club's fans on social media websites after news of Arsenal's interest first broke in December.
Confirmation from either club has not been forthcoming thus far however, and until Arsenal say the deal is done, chickens shouldn't be counted just yet.