Reasons it could happen
1) Arsenal's budget
The deal suggested this weekend detailed that the Gunners were ready to offer £35 million for the striker. This is a figure Arsenal certainly do have, in fact it has been rumoured the club have around £50 million to spend on players, if Arsene Wenger decides to use it. It was already considered Arsenal had money to spare when they sold Robin van Persie and Alex Song for a combined figure of almost £40 million, and with the club's finances more than healthy- As displayed by the £2 million earnings of their chief executive Ivan Gazidis, such a huge deal is certainly possible. The player has a reported £48 million release clause, but even this is not beyond the Gunner's financial capability, even if it would certainly buck a trend in a massive way.
2) Pressure to buy big
'Arsenal are a selling club', not our words, but the words of former captain Tony Adams. The defender has criticised the Gunners policy of selling star players, and while the form of the club is rosy at present, manager Arsene Wenger knows another trophyless year will not be tolerated by supporters. Arsenal have been critiqued by many, including the divisive Piers Morgan, for sitting on their profits and not spending, with chief executive Gazidis viewed as a figure who cares more for the financial side than the success on the pitch. A statement signing such as Falcao would draw a line under that once and for all.
3) Need for a top goalscorer
'Olivier Giroud is not a replacement for Robin van Persie' - Again not our words, but those of manager Arsene Wenger. So where is the replacement for the former captain? Unless Wenger was being disingenous, the French striker was bought from Montpellier to play alongside, or in support of Van Persie, and the same applies to Lukas Podolski. Gervinho and Walcott are yet to convince they are capable of being a long-term answer up front, and the less said about the gruesome twosome of Chamakh and the loaned out Bendtner the better. All roads seem to point towards another striker, an situation which could be exacerbated if Giroud or Podolski suffer an injury.
4) Atletico's cash troubles
Arsenal have already proved just how shrewd they can be in the transfer market this summer, snapping up Santi Cazorla from Malaga when the Spaniards were undergoing financial difficulties. They are not the only ones, with Atletico Madrid also heavily in debt. The club were one of 23 singled out by UEFA last month to have their prize money withheld from them over failure to pay tax, reported to owe an outstanding 115 million Euros to the Spanish treasury, Clearly selling Falcao will not completely alleviate this, but it will reduce it by a substantial portion.
5) Recent transfer patterns
Falcao suddenly fits the Arsenal profile. Gone are the days when Arsenal's main transfer targets are teenage prospects, Wenger has realised the promise of potential alone is a philosophy which at present in the Premier League is too difficult to deliver, and has been busy buying established stars. First last season it was Mertesacker, signed at 26, and Arteta, 30. This season Giroud, 26, and Podolski, 26, have been added to the attack, along with Santi Cazorla, 27. Wenger is clearly building a team capable of winning 'now' - How old is Falcao? 26, the perfect age.
Will Arsenal sign Falcao? What do you think?
For an alternative view- see Five reasons Arsenal probably won't sign Falcao.