According to the Daily Mail, Arsenal have beaten a host of clubs to the signing of Luton Town's 11-year-old 'wonderkid' Charlie Patino.
Patino, a midfielder who has attracted interest from the likes of Chelsea, Manchester City and Tottenham, has allegedly decided to make a move to Arsenal despite a late offer from City to take him up North.
Of course, it's hard to project how any 11-year-old player will develop, but the move will remind Arsenal fans of how they landed Jack Wilshere.
Wilshere - a fellow midfielder - also started out at Luton Town but moved to Arsenal at the age of nine, rising up through the ranks at the club before making it into the first team in 2008 at the age of just 16.
Now a regular for club and country, the 23-year-old is considered to be one of the finest midfielders in England, but has struggled with injuries in recent years.
Arsenal will now be hoping that they can mould Patino into as much of a success as Wilshere, just without those nagging injury worries.
There are of course stories of Arsenal failing to develop players acquired in their early years - Luke Freeman was signed from Gillingham at 15 but failed to make the grade in North London, eventually becoming Bristol City's star man in League One this season.