Arsenal have submitted a bid for Real Madrid winger Lucas Vazquez, but are facing competition from Inter Milan, Bayern Munich and Paris Saint-Germain for his signature, according to reports in Spain.
Spanish publication AS report that the offer is €32m (£28.6m) up front, with another €3m (£2.69m) in add-ons.
Real are reportedly happy to accept the bid for the 28-year-old and discussions over personal terms are now underway between the Gunners and the Spain international.
With Inter, Bayern and PSG all interested in Vazquez, he is in a good position to negotiate a handsome salary for himself, but AS suggest Arsenal are in a surprisingly good position to beat their rivals to sign him.
Vazquez, who has nine caps for his country, is desperate to make it into the Euro 2020 Spain squad and knows he needs as much game time as possible to do that.
The arrivals of Luka Jovic and Rodrygo at Real, along with the increasing influence of Vinicius mean that playing time is extremely limited in the Spanish capital.
The Gunners may well be able to convince him that the Emirates is the destination for him most likely to provide regular starts at the highest level.