The Palmeiras talent is a much-coveted individual.
The report from Calcio Mercato claims that the 18-year-old Palmeiras attacker is all set to become an Arsenal player in January.
The teenager, who can play through the middle or from the left-wing, is said to have agreed to join to Arsenal and his agent is set to talk to club officials with regards to a move.
Arsenal have brought in talented youngsters from South America in the past, as they did with the arrival of Wellington Silva in 2011 from Fluminense.
Gabriel Jesus has been a superstar for the Brazilian Under-20 side and made his breakthrough for Palmeiras this year. He has scored seven goals in 38 appearances for the club in the past year and in 2014 netted 37 goals in 22 matches for the Palmeiras youth team - as reported by The Metro.
There is no doubt that Gabriel Jesus would be a top signing for Arsenal but these sorts of reports come and go and until something more concrete is announced Arsenal fans will take it with a pinch of salt.