Thierry Henry is set to make his third Arsenal debut in the FA Cup clash against Swansea on January 6.
The Gunners are in advanced talks with New York Red Bulls over a loan spell that will start five days earlier.
And manager Arsene Wenger hopes Henry can feature in his side’s FA Cup third round tie.
A deal has been agreed in principle but the two clubs remain in discussions over the length of the loan deal.
Wenger wants Henry, 35, until the end of the season but the MLS club are reluctant to lose their striker for that period of time.
The Red Bulls would prefer to have their star striker back for the start of their season in March.
Henry will be the first January arrival at the Emirates Stadium - and Wenger hopes at least two more will follow.
Holland striker Klaas-Jan Huntelaar is a prime target, as is Crystal Palace whizzkid Wilfried Zaha.
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