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According to Fabrizio Romano, Real Madrid forward Marco Asensio has been offered to Arsenal.
"Marco Asensio has been offered by his agent to many important English clubs, including Arsenal and Manchester United, in the last two weeks.
"Asensio is looking for an opportunity and he will try to find a nice opportunity because he wants to play."
Romano went on to explain the current situation regarding Arsenal:
"For Arsenal, there is no direct negotiation with Real Madrid but the relationship with Jorge Mendes is always very good.
"So it could be a last minute idea but at the moment, it's not a negotiation."
Arsenal have been looking for a winger to sign this summer, aiming to add competition to their wide positions.
Links to Raphinha were strong earlier in the window but the Brazilian had his sights set on a move to Barcelona, which he got.
However, according to David Ornstein of The Athletic, hopes of signing the Portuguese winger are dwindling.
Neto signed a new contract last season, putting Wolves, who don't want to sell, in a strong position to keep hold of their young forward.
Arsenal have also been linked with Ukrainian winger Mykhaylo Mudryk, but nothing appears advanced in that respect.
Asensio could prove a slightly different alternative.
The Spaniard can play in a number of positions, but played the majority of his minutes at right-wing last season.
Asensio has struggled for game-time at Real Madrid recently, playing just over 1700 minutes in the league last season.
The 26-year-old broke into the team at Los Blancos from a young age but unfortunately ruptured his cruciate ligament in 2019, keeping him out for the entire season.
As we approach transfer deadline day, Arsenal are still looking to do business and will hope to complete at least one signing.