Sid Lowe of The Guardian reports Thursday that Higuain is on the brink of signing a deal. The prospective transfer fee is expected to be £23 million, with a three-year contract paying £100,000 per week.
The report by Lowe also documents what Higuain's father and agent, Jorge, told Fox Sports Latin America about the deal.
“We managed to get permission from Real Madrid to negotiate face to face with Arsenal," said Jorge Higuain. "Fortunately, I will soon be able to watch my son play in the Premier League."
The 25-year-old Real standout would make his presence felt immediately while adding some necessary firepower to Arsene Wenger's attack. Arsenal is coming off of a respectable fourth-place effort in the English Premier League and also qualified for the UEFA Champions League in 2013-14.
However, to truly compete for their first EPL trophy in a decade, it will take an upgrade in personnel offensively to keep up with the explosiveness of rival Manchester United.
With the indispensable versatility in the midfield of Mikel Arteta and Santi Cazorla, the Gunners are set in that regard. Both are capable of generating chances for their teammates up front, and the same goes for the high upside encapsulated in central midfielder Jack Wilshere.
Having said that, the best acquisition for Wenger at this point is a truly reliable scorer who can more efficiently capitalize on golden opportunities in front of the goal.
Theo Walcott and Higuain would create a lethal attacking tandem, because Walcott's devastating speed could be utilized well on the wing, while Higuain could settle in as a surefire striker.
How would Gonzalo Higuain's transfer affect Arsenal?
The lack of consistency in last year's pickups, Lukas Podolski and Olivier Giroud, makes reaching out to Higuain a logical move. It's also revealing that Lowe reports the Gunners are seeking to acquire veteran Wayne Rooney to team up with Higuain.
That suggests Arsenal doesn't have the current pieces on the roster to get the club over the proverbial hump, as the quest to more adequately replace the production of Robin van Persie continues.
Not only does Higuain have the finishing ability and talent to hold his own in the Emirates, but he also enters with somewhat of a chip on his shoulder. As Lowe points out, he did score 16 goals in 28 La Liga contests but just one in nine Champions League fixtures.
Thus, former Real boss Jose Mourinho didn't necessarily trust Higuain in the most critical situations and often didn't allow him to crack the starting XI.
Higuain will have no trouble getting on the pitch for the Gunners and should hit the ground running, eager to post a magnificent season in a new, ideal atmosphere to showcase the extent of his game.