Arsenal and Manchester City are eyeing Eintracht Frankfurt midfielder Jesper Lindstrom.

Calciomercato.com says the Gunners are looking to capture Lindstrom when the transfer window reopens in the new year, with the player being labelled the 'jewel' of Eintracht Frankfurt following his performances in the Bundesliga.

Arsenal are one of seven big European clubs who are keeping tabs on the 22-year-old ahead of January, with Premier League rivals Manchester City also said to be interested in securing his services.

The Gunners will have to compete with Serie A trio AC Milan, Juventus and Roma, as well as Bayern Munich and Barcelona, who have all joined the queue in the hope of landing the Denmark international, who is valued at £17million by his current club.

And with a bidding war set to ensue between some of Europe's biggest and wealthiest clubs, Frankfurt are expected to hold out for whatever they can in what has been described as an 'international auction' by the report, meaning Arsenal will have to propose an attractive offer to stand any chance.