Atletico Madrid are expected to seek £40 million for Radamel Falcao.
The People says his buy-out clause is about £50m - but that could drop because of the country's financial crisis.
Along with Chelsea, Manchester City and Paris St Germain, Arsenal boss Arsene Wenger is a huge admirer of Falcao.
If Atletico come down to the £40m, then Wenger could be interested.