The Gunners have already tied up the signature of Barcelona forward Alexis Sanchez in a blockbuster £32m deal, but the work in the transfer market doesn't stop there for manager Arsene Wenger, who must continue to add to his squad in order to add more silverware, having ended the nine-year trophy drought back in May with the 3-2 FA Cup final win over Hull City.
Newcastle United's Mathieu Debuchy is poised to become the latest new addition, whilst Atletico Madrid's Javi Manquillo, Real Madrid's Sami Khedira and Loic Remy of Queens Park Rangers are also believed to be on Wenger's summer transfer wish list - but he could be close to landing a second signing.
Having seen Emiliano Viviano return to Palermo after a terrible loan spell and Lukasz Fabianski move on to Premier League rivals Swansea City, Arsenal were left with just Wojciech Szczesny as the only senior goalkeeper in the squad - and adding competition for the Polish international was imperative this summer.
The likes of Victor Valdes, Guillermo Ochoa and John Ruddy have all been heavily linked with moves to the Emirates Stadium, already, but it seems that Wenger has set his sights on a player who impressed at the World Cup this summer.
Colombia shot stopper Ospina fared well in Brazil, conceding just four goals in five games, and regularly made some fine saves for Jose Pekerman's side. He may have been overshadowed by performances from other goalkeepers such as Manuel Neuer, Tim Howard, Keylor Navas and the aforementioned Ochoa, but Ospina was excellent in his own right - even if James Rodriguez stole the limelight for Colombia.
Speculation in Nice - who Ospina plays for currently - suggests that the 25-year-old is now on the verge of a move to North London, with the goalkeeper already having agreed terms with the Gunners. It's reported that the deal will cost Arsenal just €4m (£3.2m), and for that price, Ospina is a great player to add in order to push Szczesny - and he could even start over the Pole if he continues to impress as he did at the World Cup.