A number of reliable news sources are reporting that Arsenal are in advanced talks to sign Real Madrid midfielder Mesut Ozil.
The fee is believed to be around £42.5m, which if true, would almost triple Arsenal's transfer record.
Such a move represents a statement of intent from Arsene Wenger. Although refusing to spend thus far, he has made it clear that he has money and is willing to spend it.
After the derby victory with Tottenham he stated: "I am not against spending. I am ready to pay what we can afford, even if it is a bit over the market (value) and as long as it is not crazy."
Now he has whet the appetite of Arsenal fans by moving for the German star.
But how necessary is the signing of Ozil? To what extent do Arsenal need another creative midfielder?
Arsenal already have one of the best midfielders in the league in Santi Cazorla. Since arriving from Malaga last season, the little Spaniard has undoubtedly been Arsenal's best player.
He finished his debut season in the Premier League with 12 goals and 11 assists making him Arsenal's second most creative player behind Theo Walcott.
Not only were his stats impressive but his ability to keep possession in tight situations helped Arsenal keep attacks going where they would otherwise break down.
The funny thing is, Cazorla and Ozil play in the same position so one will have to make way to cater for the other.
Although Wenger has showed no reluctance in using Cazorla out on the left wing, that is not where he plays his best football.
Cazorla can only play at his best when given the chance to dribble past players and pick passes in the centre of midfield. His lack of pace, one of only few attributes he is lacking in, means he will never be an effective winger.
When Alex Oxlade-Chamberlain returns to the team he will also like to play in either a central attacking role or wide on the left. For a young player with massive potential, playing time is crucial and the signing of Ozil could stagnate that progress.
The same goes for Lukas Podolski, who showed how clinical he can be against Fulham. After he recovers from his hamstring injury there is no reason why he should not be in the starting line up.
So again, why is Wenger chasing Ozil?
It seems that the signing of the Real Madrid star does nothing but appease fans of their hunger for a big name signing.
He is possibly the best player available on the market and Arsenal see an opportunity to bring in a quality player whilst generating a lot of positive PR.
But tactically the signing will not fix Arsenal's problems. They still require an exceptional forward like Luis Suarez or Karim Benzema whilst also needed a steely midfield.
Jack Wilshere never shies away from a tackle but his small frame, couple with constant injury issues, rules him out of ever physically dominating the midfield.
One thing Arsenal do not lack is technical ability yet they have chosen to chase someone who offers little else.
The signing of Ozil will be great for Arsenal fans, but may not be great for Arsenal Football Club.