AOL might be looking to add another huge blog to its new list of sites. GigaOm reports that the media company is close to purchasing TechCrunch, the famed technology blog started by Michael Arrington in 2005. According to the report, the announcement could come very soon.

“The deal is at a sensitive stage and might fall apart yet, but I don’t think so,” wrote GigaOm’s Om Malik. “Sources familiar with both entities says that the announcement is likely to come onstage at Disrupt, TechCrunch’s flagship conference currently underway in San Francisco.”

The two sides would not comment on the reported deal, according to Malik. When reading all about Arrington’s daily schedule last week, I wondered how long could he keep this up. Who knows what the deal will look like, but I’m not sure you can separate Arrington from TechCrunch and still have as valuable of a blog. I guess I’m wondering, does this mean Arrington will join the AOL workforce? If Arrington does join, what a pickup for AOL.