Arsenal are reportedly on the verge of tabling a £40million bid for Real Madrid striker Karim Benzema.

The Sun is reporting the Gunners are set to enter discussions with the La Liga giants next week regarding a potential deal for the French international.

Arsenal manager Arsene Wenger is understood to be a big fan of Benzema's with the 27-year-old having been on his radar for some time.

Madrid are reportedly looking obtain a fee in the same ballpark as the £42.5million Arsenal paid for Mesut Ozil two summers ago.