Arsenal are reportedly ready to spend £54m on Brighton striker Joao Pedro, but face competition from Premier League leaders Liverpool, who are also keen on the Brazilian.
Arsenal missed a golden opportunity to close the gap on Liverpool as they were held to a 1-1 draw by Fulham at the Emirates Stadium.
Thomas Partey played a pivotal role in Arsenal's 2-0 victory against Manchester United on Wednesday night, delivering an assist and dominating the midfield in a Premier League clash at the Emirates Stadium.
Arsenal's 2-0 win over Manchester United saw them struggle in open play but thrive from set-pieces, scoring twice from corners to secure the victory on Wednesday.
Arsenal's impressive form, featuring three consecutive wins and 13 goals scored, has been overshadowed by mounting injury concerns, particularly in defence.
Arsenal host Manchester United in the FA Cup third round, while Manchester City face Salford City, and Tottenham take on non-league Tamworth in a thrilling draw.