Arsenal is set to make "incredible offers" to prise Marco Asensio away from Real Madrid, according to The Sun.
The 21-year-old enjoyed a very positive campaign at Real Madrid last season and is also wanted by Manchester United.
The Spanish giants are determined to keep him at the club but the two Premier League clubs have already made contact to understand the situation.
The Gunners first monitored the player when he was at Real Mallorca.
Manager Arsene Wenger was all set to make an offer before Real Madrid made one of their own to secure the services of the youngster.
Serie A champions Juventus are also keeping an eye on the Spaniard and will make a move if Real Madrid say he is for sale.
