Arsenal may need to pay around £30m to land the signature of Norwich City forward Emiliano Buendia.
The Argentine has been identified as one of their top targets for this summer’s transfer window.
He was on their radar at the beginning of the year, but the Canaries refused to consider a mid-season exit.
According to BBC Sport, the Canaries are open to parting ways with Buendia if they receive a bid of around £30m.
The Gunners are long-term admirers of the 24-year-old, and have monitored him over the best part of 12 months.
Buendia, who bagged an impressive tally of 15 goals and 17 assists last season, is also keen on joining the club.
The Gunners are yet to make an approach for Buendia as they are still evaluating the position of Martin Odegaard.
Odegaard had a positive loan stint from Real Madrid, registering two goals and two assists from 20 appearances.
Carlo Ancelotti was recently appointed as Los Blancos’ new manager, and he will decide whether Odegaard stays or not.