Arsenal are moving for Atletico Madrid striker Matheus Cunha.
Cunha, 23, is on the for-sale list at current club Atletico Madrid.
And Arsenal are seeking to take advantage of this by bringing the Brazilian forward in to cover for the long-term absence of Jesus, who underwent knee surgery earlier this month.
Goal reports Arsenal are one of four Premier League clubs interested in the ex-Hertha Berlin striker.
Wolves are the current frontrunners to sign Cunha, while Leeds have also held talks regarding his transfer.
Arsenal and Aston Villa are the other English sides linked with a move, with Unai Emery looking for fresh reinforcements to help Villa avoid the drop.