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Arsenal have completed a deal to sign striker Gonzalo Higuain from Real Madrid, according to the Daily Mail. The transfer will reportedly cost £22 million, with Higuain to earn up to £150,000 per week over four years—after performance bonuses.
According to The Guardian, Higuain likely will join Arsenal before they begin their preseason tour on July 11. The deal is reportedly dependent on Real Madrid's new manager, who will make the final decision.
Higuain, 25, scored 16 goals in 28 league appearances last season with Real Madrid. The Argentina international would be the most expensive signing in Arsenal history.
Juventus general manager Giuseppe Marotta hinted that Juventus could still have a chance to sign Higuain, telling Sky Sports: "Higuain? I do not want to say anything because there is still so much time left for things to happen."
Higuain joined Real from River Plate as a teenager in 2006. He has scored 122 goals in all competitions for the Spanish club.
Meanwhile, Arsenal shareholder Alisher Usmanov has told CNBC that Wayne Rooney would find "great success" at Arsenal.
Rooney, 27, reportedly made a transfer request near the end of last season to leave Manchester United after falling out with former manager Sir Alex Ferguson. Rooney, however, denied doing so, per the Daily Mirror.
Usmanov, 59, holds a 29.9 percent stake in Arsenal, according to ESPN.