Apparently Al Jazeera are reporting that we have had a bid accepted by Montpellier for Olivier Giroud, they also first broke the Chamakh to Arsenal story back in 2010. I haven't actually seen anything about from Al Jazeera myself so I'm quite sceptical about its legitimacy.
If all the reports that have been coming in have been true I'd expect we'd be close by now. Doubt really that Chamakh will be going other way cos he's wages are too big for Montpellier.