Arsenal are reportedly interested in bringing PSV Eindhoven attacker Donyell Malen back to the club.
The 20-year-old joined the Gunners from Ajax in 2015 and spent two years in the English side's youth system before moving to PSV in search of first-team football.
Malen featured in two pre-season matches for Arsenal ahead of the 2016-17 campaign, but the youngster was allowed to leave without making a competitive appearance for the London club.
The Dutchman has been in fine form for PSV over the last 12 months - ending last season with 11 goals in all competitions, while he has managed 10 strikes in just 13 outings this term.
Malen also netted on his international debut for the Netherlands against Germany, and Liverpool are believed to be interested in bringing the attacker back to English football.
However, according to The Mirror, Arsenal are eyeing a £50m swoop for their former youngster, who is believed to be on the radar of as many as 45 clubs due to his impressive form this season.
Malen netted all five in PSV's 5-0 victory over Vitesse in the Eredivisie last weekend before scoring in Thursday's 3-2 win over Sporting Lisbon in the group stages of the Europa League.