Arsenal made a massive bid for Borussia Dortmund striker Pierre-Emerick Aubameyang last summer, it has been revealed.
Aubameyang has this week talked up hopes of playing for Real Madrid in the future, though he came close to joining Arsenal this season.
El Confidencial says the Gunners tabled a bid of €60 million to BVB for the Gabon international.
However, the German giants were under no pressure to sell and refused to do business over their star striker.
BVB chief Hans-Joachim Watzke stated this week: "If at some point there really is an offer of €100 million or €120 million for him, then we will discuss it."