The Daily Mail has announced that FC Cologne striker Lukas Podolski has agreed to personal terms with Arsenal, and a move to the Emirates is imminent, provided Cologne and Arsene Wenger agree on a fee.
However, the Arsenal manager is believed to only be willing to offload £8 million for the German international, whilst the Billy Goats' desire exceeds £15 million for their sharpshooter.
Podolski, who boasts 32 goals in 85 appearances for the Bundesliga side since rejoining in 2009, has long been touted with a move to North London as Wenger has eyed potential new strikers to bolster his attacking options.
The Gunners have become almost completely reliant on captain Robin van Persie for goals, with the Dutchman contributing 49 goals since 2011. Wenger has shown little confidence in deputy strikers Marouane Chamakh and Chu-Young Park, who have amassed just 20 appearances between them this season.
Wenger has a bigger task at hand, however, in ensuring that van Persie agrees to a contract extension. The Dutchman, widely considered the best striker in World Football at the moment, is out of contract at the end of 2013, and the Arsenal manager needs the 28-year-old to re-sign before the start of next season.
Therefore, the Frenchman is hoping that implementing quality changes to his squad will not only enhance the team, but also provide van Persie with adequate support at the front of the helm.
However, whether van Persie remains at the Emirates is largely dependent upon whether or not Arsenal qualify for the UEFA Champions League for 2012-13.
The North London giants are sufficient in the fourth spot, but are separated from rivals Chelsea by just a one-goal difference, whilst Liverpool and Newcastle are also well within distance. Nonetheless, Wenger is set to break his wage policy and offer his captain £150,000 a week in a new three-year contract.
Furthermore, the French tactician is set to finally release the array of underperforming fringe players in the Arsenal first team who command ridiculous wage numbers; Abou Diaby, Sebastien Squillaci, Nicklas Bendtner, Denilson, Manuel Almunia and potentially Marouane Chamakh are destined to be sold permanently in the summer.
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