According to the Guardian, Luiz Gustavo would be very happy indeed to move from Bayern Munich to Arsenal, if all of the relevant details were to be worked out. He'd like to play for Brazil in next summer's World Cup, after all, and it's hard to convince your coach that you should be playing if you aren't doing it for your club team. Gustavo:
My contract with Bayern runs until 2015 but it is very important that I play first-team football to keep getting called up for Brazil. I am in a very delicate situation at Bayern and this needs sorting out. I have personal and professional reasons to move...I have heard about the Arsenal interest. It's a big club we're talking about here so of course I'd like to play for them.
Arsenal play a very attractive brand of football and are in the Champions League. They also have a very clever manager in Arsène Wenger. Even when Bayern beat them in the last Champions League you could see they are not pushovers.
That's all great, especially as the earlier-identified interest from Wolfsburg remains, and rumors of interest from 2013's Arsenal Transfer Bogey Napoli persist. But others have said similar things, so the waiting game continues. The signs remain encouraging, but we will see.