Arsenal chiefs fear they face missing out on AS Monaco striker Kylian Mbappe.
The Daily Mail says the Gunners fear they will lose out to Real Madrid in the race to sign Mbappe this summer.
The Monaco striker is the club's No 1 transfer target but there is a growing realisation that signing the 18-year-old will be a bridge too far given Real Madrid's stature and the fact Arsenal have not qualified for the Champions League.
Arsenal's interest in Mbappe remains concrete, but the north London club understand the lure of Madrid - and the opportunity to continue his Champions League career - will be hard for the France international to reject.