Arsenal could launch a summer move for Real Madrid midfielder Isco, after the Gunners reportedly secured 'first refusal' on the 23-year-old.
The Sun say Arsene Wenger and the Emirates hierarchy made an initial approach during January, but the move was blocked by new Los Blancos boss Zinedine Zidane.
Bernabeu legend Zidane apparently decided he would not have time to bring in a replacement before the transfer window slammed shut.
A fee of £35million has reportedly been agreed, with Arsenal having the chance to increase that sum should a higher offer be made.
READ MORE
Arsenal face Chelsea title test, troubled Spurs in spotlight
Thrashing Spurs dragged Arsenal out of title hell - Arteta
Arteta urges Arsenal to seize destiny in crucial Spurs showdown
Arteta urges Arsenal to 'stand up' after title bid rocked by Wolves draw