Arsenal could inadvertently profit from Brighton & Hove Albion's pursuit of Olympiacos striker Charalampos Kostoulas.
Reports on Tuesday claimed the Seagulls had agreed a £34m fee with the Greek Super League champions for the 18-year-old.
Since debuting with the first team in 2024, Kostoulas has scored seven goals in 35 appearances for Olympiacos and, as a result, was linked with moves to Tottenham Hotspur and Arsenal.
However, it is Fabian Hurzeler's side who appear to have won the race for Charalampos, with the forward reportedly set to undergo a medical on the South Coast on Wednesday.
Meanwhile, Sussex World claim that a move for the Greek should pave the way for Joao Pedro to leave the Amex.
The 21-year-old, who joined the Seagulls from Watford for £30m in 2023, has been linked with moves to Newcastle, Liverpool and Arsenal after an impressive return of 10 goals and seven assists in the Premier League this term.
Reports earlier this month claimed that Pedro was keen on a move to St James' Park, though Brighton had informed the 2025 Carabao Cup winners that it would take a fee in excess of £60m to allow the Brazilian to leave the club.
Indeed, should Newcastle cough up a deal for Pedro, it begs the question as to whether Arsenal would be offered the chance to sign Alexander Isak.
After three second-place finishes in the Premier League, it is a common school of thought that an out-and-out No.9 would go some way to strengthening the Gunners' title credentials.
Isak, it seems, fits that bill and boasts an extraordinary record in front of goal since Newcastle smashed their own transfer record to bring the Sweden international to St James' Park in August 2022.
The 25-year-old has scored 62 goals and provided 11 assists in 109 games to help fire the Magpies back into the Champions League in two of his three campaigns with the Magpies.
Now, if Newcastle are preparing for life without Isak with a pursuit of Pedro, then the Gunners must be in a position to strike a deal for the Swede.
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Arsenal Manager Mikel Arteta, Bukayo Saka, Martin Odegaard and Gabriel Jesus with the Arsenal Therapy Dog Win during the Arsenal Men's team group shoot at London Colney on September 18, 2023
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