Porto midfielder Danilo Pereira emerging as a top summer target for Arsenal.

O Jogo says the 28-year-old will be available this summer and have set an asking price of close to £27m.

The club rejected a bid of £27m for the player last summer but now feel that figure is a fair price.

However it is believed Arsenal are not willing to pay as much for the player as the Portuguese champions would like.

Mikel Arteta's side is only willing to spend £18m on the player, and it is said a bid of this price would be instantly rejected by Porto.

Danilo said earlier this month: "I think he (Arteta) is doing a really, really, good job there.

"He is a really good coach who started as the second coach at [Manchester] City, so he has a little experience and Arsenal play very good football and I think he is doing very well there.

"He is a Spanish coach, he is a bit similar to Portuguese coaches, they also want to play with the ball and improve with the ball, so I think he is a good coach.

"The style I think I can fit there, the way he plays also thinking on the ball, the team always has to be together - I think it is a good way to play."