The Spaniard scored nine league goals last year. His current club, Malaga, are experiencing financial difficulties, thus prompting the sale.
A potential signing represents the third major deal completed by the Gunners this summer.
Not only are the figures out of character, but so too are the respective ages of the incoming players. Cazorla is 27, Podolski 27 and Giroud 25. Clearly, the hierarchy is building a team to win now.
The high fee paid for Cazorla would also appear to signal the end of Robin van Persie's days in London. Unless the team is suddenly flush with cash, a deal seems imminent. Rumors to that effect abound.
With these major structural changes in mind, we take a look at what the new starting XI might look like for Arsenal.