Arsenal are involved in a tussle with Inter Milan over Monaco midfielder Geoffrey Kondogbia, according to sources in Italy.
The 22-year-old is one of the most highly rated young players in Europe after impressing both in France and with his old club, Sevilla, whom he left for €20 million in 2013.
His contract still has three years to run but according to reports in Italy, Monaco are open to the idea of selling providing they receive a significant mark-up on their original outlay.
That has prompted interest both from Arsenal and Inter, who are in the market for midfield reinforcements ahead of the new season.
Despite the emergence of Francis Coquelin at the Emirates this season, Arsene Wenger is seeking to strengthen his options for defensive midfield players and Kondogbia fits the bill.
He was impressive in both legs of Monaco's Champions League last 16 victory over Arsenal earlier this season, scoring in the first leg at the Emirates Stadium and then helping close up midfield in the second leg in France, which saw Arsenal crash out.
Inter will provide stiff competition for his signature: they were recently frustrated in their pursuit of Manchester City's Yaya Toure and have now made Kondogbia their top target. Italian reports suggest the club have already held talks with Kondogbia's representatives as they attempt to thrash out a deal.
Arsenal will maintain their interest in other targets if Kondogbia decides to move to Inter, with Morgan Schneiderlin of Southampton still being monitored by Wenger.
Meanwhile, Arsenal defender Nacho Monreal has insisted he has no plans to leave the club despite interest in him from Spain - and has urged Arsenal to enter into talks over a new contract.
The full-back said: "I am very lucky to play for Arsenal, and am very happy to play for Arsenal. If the boss wants me to stay, I will – and I’d like to extend my contract."