Arsenal are in the hunt for Benfica teen Goncalo Guedes.
The Mail on Sunday says the Gunners will have to fight off interest from Paris Saint-Germain, Bayern Munich and possibly even Real Madrid and take a £40million gamble on the teenager should they make a move for him next summer.
Guedes, 17, is in the process of signing a lucrative new deal at Benfica.
Although it is a five-year deal, part of Benfica's rationale to get him to sign a long-term contract is to get a substantial fee for the winger who inevitably they are will sell on, possibly as soon as next summer. A £40m release clause is set to be inserted into the player's contract.
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