Arsenal are considering Atletico Madrid striker, Julian Alvarez as Gabriel Martinelli’s replacement.
The Gunners remain engaged in negotiations with Al Hilal over a potential deal for Martinelli.
According to Active Predict, the player is seriously considering a move to the Saudi Arabian club, provided the two sides can reach an agreement over the transfer.
Reports indicate that the two parties have made significant progress in recent days towards reaching an agreement on the transfer fee.
Arsenal will also secure a sell-on clause allowing the club to claim up to 20% of any profit from the player’s future transfer.
The Premier League champions are also exploring additional forward options ahead of the transfer deadline, with Julian Alvarez remaining their primary target.
Reports have linked them with Juventus forward Kenan Yildiz, but he has picked up a left-foot injury and could face a lengthy spell on the sidelines.