If it's true, I'm very pleased as I think he's quality and we need an out and out winger.
I'd flog Hleb, and play Ben Arfa and Walcott on the wings, Fabregas and Diaby in the middle, and RVP behind Adebayor, and then Rosicky, Song and Denilson can cover the midfield.
Although I wouldnt mind Makoun either, just for extra squad depth.

After that, we're supposedly definitely getting a CB, and the only links have been Lucio and Mexes, so expect one of those, both of which would also delight me.
Now, if we can also just keep Rosicky and RVP fit, and maybe sign a better 'keeper too, Arsenal could potentially be real title challengers next year, and not fade away at the death- we've improved massively since the last 2 seasons, and so one or two extra players could make all the difference.