Arsenal are eager to sign Brazilian centre-back Diego Carlos from Sevilla.
The defender has earned rave reviews for his performances this season.
Liverpool tried to sign him previously, but failed.
Now Mikel Arteta may try and lure him to the Emirates Stadium club instead, according to El Desmarque.
Carlos has a £67 million buy out clause, which Arsenal could activate.
But given their financial situation, they may hope to negotiate a fee with Sevilla.
A player exchange is also a possibility, as the Gunners look to reshape their squad with limited transfer funds available.
The same outlet reported that Carlos had turned down a Liverpool move in January as he wanted to finish this season with Sevilla.