The French-born Argentinian international has been linked with the Gunners all summer. However, Arsenal fans' patience is beginning to run out. First there were bids, then there were no bids and now the striker is being linked with other clubs both in and outside London.
Is the transfer just a ruse by the club to fool fans into thinking Arsenal are playing with the big boys, or are Arsenal trying to use all that excess cash they seem to have in reserve to move the club to the next level?
Here, Bleacher Report looks at the timeline of Arsenal's chase to sign Gonzalo Higuain.