Italy: Arsene Wenger`s side have already agreed a contract with the Argentina international, although the Serie A champions have also tabled a bid for the 25-year-old.
Gonzalo Higuain`s father has confirmed that talks between Real Madrid and potential suitors Arsenal and Juventus are at an "advanced stage" regarding the striker`s transfer.
Gunners officials have travelled to Madrid in order to finalise a move for the 25-year-old with Arsene Wenger`s side looking to tie up a deal for just over €20 million, while the Spanish club are looking for a figure of over €25m. The Premier League club have already agreed a contract with Higuain that will start with a wage of €115,000-a-week.
Juventus general director Giuseppe Marotta hinted on Thursday that the Serie A champions could still sign the Real Madrid forward ahead of Arsenal and the Argentine international`s father insists that the deal with the Gunners remains incomplete.
"Nothing has yet been signed but I can assure the negotiations between the clubs are at an advanced stage," Jorge Higuain told La Repubblica.
"We will not agree any contract before the clubs reach a deal on the transfer.
"I am sure Arsenal made a big offer, as have Juventus."