Arsenal have begun gathering detailed information on Chelsea midfield star Enzo Fernandez ahead of a potential blockbuster move, as per the fresh reports.
Manchester City are also in the transfer race, but Fernandez prefers a move to Real Madrid.
The La Liga giants are eager to strengthen their midfield but may first need to offload one of their established stars.
Aurelien Tchouameni and Eduardo Camavinga have both been linked with exits, although neither French international is currently pushing to leave the Santiago Bernabeu.
Arsenal manager Mikel Arteta remains determined to add another world-class midfielder capable of taking Arsenal to an even higher level.
Christian Norgaard is expected to depart this summer, potentially opening the door for a marquee arrival.
Martin Zubimendi formed an excellent partnership with Declan Rice for most of last season, although his performances dipped during the closing weeks of the campaign.
Myles Lewis-Skelly stepped up brilliantly when it mattered most and played an important role in helping Arsenal secure their first league title in 22 years.
Fernandez would represent a significant upgrade while also adding quality depth to Arsenal’s current squad.
He has solid Premier League experience, having spent more than three years at Chelsea.
The Stamford Bridge outfit reportedly want €120m to sanction his exit, which could prove to be a major obstacle for Arsenal.
Fernandez prefers a move to Real Madrid, and it remains to be seen whether he would be open to joining Arsenal.
Bruno Guimaraes is another midfielder who is monitored by Arsenal. They have already seen one bid rejected but are expected to go again for the Newcastle captain.
Stats from Fotmob.com