This signing is momentous not only because of the calibre of the player, but in terms of a mind-shift of the management of the club.
Reports vary. Some say the asking price is nearer £30 million, others that the deal will be done at around £22.5 million. That in itself is a revelation, because traditionally, Arsenal do not pay massive amounts for players that they often consider as being 'over-valued'.
The other revelation is that the weekly wage paid to Higuain will be in the region of £130,000. This seems to indicate that the 'glass ceiling' of £100,000 per week that Walcott and Podolsky are currently earning has been smashed, and this opens up endless possibilities.
For one, the signing of players like Wayne Rooney who command salaries of much more than that per week suddenly becomes more of a reality. Who knows what it will lead to?
Personally, I still don't think that Rooney will move to the Gunners, but his problems with the new Manchester United manager run deep, and I wonder if they will ever truly sort out their differences. With players like Rooney on the loose, a deal might just be struck which, although surprising, would not be impossible.
Secondly, the breaking through of the ceiling might cause some problems for Wenger: if the old floodgate argument rears its ugly head, and existing players start demanding salary hikes, he may very well have a huge headache.
I am sure that although Wenger has made the move to capture Higuain, he must have flinched inwardly when he did so. For a manager who has been the epitome of economical sense, he must have baulked at having to pay such serious money for any player, no matter what their pedigree.
However, this bold move must be hailed as an important step towards securing some type of trophy glory in the coming season - I still think that a central defender also needs to be purchased, and surely Wenger knows that as well, but at least we are on our way.
And for the first time in a long time I believe that Arsenal might well become the team to watch this season if this newly found mood amongst the management is anything to go by.
image: © Jan S0l0