The Sun says the Gunners last night smashed their transfer record when they agreed a £23million fee for Higuain.
The Argentine will undergo a Gunners medical today and is expected to sign a three-year £100,000-a-week deal.
Higuain, 25, has been given permission by Madrid to fly to London following weeks of negotiations. And boss Arsene Wenger has made it clear he wants the powerful goalscorer on board when Arsenal head for their tour of the Far East next Thursday.
The deal, which has been confirmed by the player’s father Jorge, comes as a huge relief for Wenger, who had promised Arsenal fans to spend serious money this summer after eight years without winning a trophy.