The North London side have been locked in talks with Real Madrid for some weeks now but this source claims that an agreement between the two clubs has now been reached.
The Bernabeu side had reportedly wanted €25m (£21m) for the 25-year-old Argentine with Arsenal’s valuation being nearer €20m (£17m) but a compromise has now seemingly been reached for a deal in the region of £20m, which would represent a Gunners club record.
Higuain’s father, who also acts as his agent, was quoted as telling Fox Sports Argentina: “We have been given permission by Real Madrid to negotiate with Arsenal.
“I will luckily be able to see my son in the Premier League soon.”
Higuain is now reportedly set to fly into England and could complete his long-awaited move over the weekend, but his father insists they have not yet agreed terms with Arsenal.
“There isn’t anything signed yet, but the negotiations are very advanced,” he said.
Arsene Wenger appears to be keen to get on with his summer spending having been linked with a myriad of big-name players, thus far the Arsenal boss’s only new signing has come in the form of young Auxerre striker Yaya Sanogo.
Meanwhile the push to trim the Arsenal squad continues apace. Denilson, Andrei Arshavin and Sebastien Squillaci have been released whilst Vito Mannone completed a move to join Sunderland yesterday and Johan Djourou was loaned out to Hamburg
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