The Gunners got their season off to a solid if somewhat relieving start having beaten managerless Crystal Palace with an injury time winner from Aaron Ramsey after Laurent Koscielny had cancelled out Brede Hangeland's shock opener for the Eagles.
Despite having already landed goalkeeper David Ospina, right backs Calum Chambers and Mathieu Debuchy as well as forward Alexis Sanchez, Arsenal fans still want to see another striker brought in after seeing Olivier Giroud struggle on his own last season, whilst Yaya Sanogo is still inconsistent at best in the Premier League.
Some supporters had set their hearts on a move for Paris Saint-Germain's Uruguayan Edinson Cavani, but it seems that manager Arsene Wenger will instead pursue another South American attacker - Napoli's Eduardo Vargas.
The former Universidad de Chile striker burst onto the scene in 2011 with 19 goals in 29 games in Chile, earning a big move to Europe with Napoli. However, the 24-year-old scored just three goals in 28 games with the Italian side, before disappointing loan spells with Gremio and Valencia, where he hit just 14 goals in 62 games collectively.
According to speculation in Chile, Vargas has told his family that he is on the move to Arsenal, where he would reunite with his international team mate and strike partner Sanchez. The duo impressed at the World Cup for Jorge Sampaoli's side, and their chemistry in attack appears to have caught the attention of Wenger.
The reports suggest that the deal could be announced in the coming hours, with the duration of the deal all that's left to agree. It seems that Vargas will join on loan, but an option to purchase the forward could also be included in the deal should he impress at the Emirates Stadium.