Arsenal boss Unai Emery is eyeing Barcelona attacker Malcom for the January market.
The Daily Express says the Brazilian would fill a void at Arsenal - and the Gunners wanted to buy him even when he was at Bordeaux.
After Danny Welbeck's injury, the London club have intensified their search for a wide forward.
Malcom has only had 296 minutes at Barcelona after they bought him for 41m euros in the summer.
The 21-year-old has also been linked to Guangzhou Evergrande, where Paulinho is. Arsenal are also said to be interested in Ousmane Dembele.