Arsenal have reportedly emerged as the Premier League frontrunners to sign Las Palmas attacker Alberto Moleiro.
Earlier this year, Moleiro was linked with a potential move to Liverpool after impressing with his performances for Las Palmas.
However, the Spain Under-21 international has stayed put in Gran Canaria after a summer transfer failed to materialise.
Moleiro remains a key part of the Las Palmas squad, demonstrated by the fact that he has started 13 of the club's 15 league matches this season.
The attacker, who can play as a number 10 or a winger, has scored four goals in La Liga this season, helping Las Palmas in their battle to avoid relegation.
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Arsenal emerge as frontrunners for Moleiro
While he will be focused on his team's survival fight, Moleiro is now being linked with a potential move away in the January transfer window.
According to TEAMtalk, Arsenal are in pole position to sign Moleiro after identifying the youngster as a transfer target.
The report claims that the Gunners are the 'main Premier League club' in the race to sign the highly-rated Spaniard in 2025.
Las Palmas will be reluctant to part ways with Moleiro midway through a relegation fight, but they will consider a departure if they receive proposals in excess of €20m (£16.6m).
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Arsenal facing Al-Hila competition
While the Gunners may be in a strong position, they are facing 'serious' competition from Saudi Arabian club Al-Hilal.
The Saudi Pro League champions are 'working behind the scenes' on a lucrative offer as they look to leapfrog Arsenal in the race to sign Moleiro.
There is a belief that Al-Hilal will table a 'concrete offer' in the near future, with the Saudi Pro League looking to recruit some of the best prospects as well as high-profile players.
Al-Hilal have signed a number of players from top European leagues in recent years, including Neymar, Joao Cancelo, Ruben Neves and Aleksandr Mitrovic.