This just in:
Lukas Podolski to sign for Arsenal from Cologne
"Arsenal have agreed a deal to sign Germany striker Lukas Podolski from Cologne, BBC Sport understands. Reports suggest the Gunners will pay £10.9m for the 26-year-old on a four-year contract worth £100,000 a week."
http://www.bbc.co.uk/sport/0/football/17295576