Arsenal will reportedly have to pay £33 million to sign Bologna striker Santiago Castro in either January or next summer.
The Gunners have had troubles up front this campaign. Kai Havertz has fared well with 10 goals from 22 games, but has lacked consistency.
Meanwhile, Gabriel Jesus has been a shadow of himself. He has netted just one goal in all competitions for the London giants.
Arsenal need a fresh acquisition for the number nine role next year and Caught Offside claim that they are interested in Castro.
The 20-year-old joined Bologna from Velez Sarsfield in January and he has been a regular starter for the Serie A outfit this campaign.
The Argentine has netted five goals and provided six assists. His progress has reportedly caught the eye of the Gunners scouts.
Bologna are also aware of the increasing attention in their prized asset and they are likely to demand at least £33m for his services.
The arrival of a new striker could coincide with the departure of Jesus. He has been linked with a reunion with his former side Palmeiras.