Arsenal are monitoring Ricky Alvarez's situation at Inter Milan.
The 23 year-old former Velez Sarsfield star rejected offers from Arsenal and Manchester United in the summer to sign for Inter, but he has spent most of this season in the stands.
Alvarez's camp have already floated the idea of a loan move away in January, though Arsenal are expected to come in with a firm offer for the midfield schemer.
Having lost Samir Nasri and Cesc Fabregas during the summer market, Gunners boss Arsene Wenger has been left further reeling by news that Jack Wilshere could be out for six months following ankle surgery.
A dynamic midfield playmaker, who has been likened to Kaka, Alvarez fits the bill for an Arsenal manager fast losing quality options in his midfield.