Arsenal are reportedly ready to break the bank in order to sign Fiorentina striker Dusan Vlahovic this month.
The Gunners are thought to be at the head of the queue for the Serbian's signature after it was confirmed that he would not be extending his stay with La Viola beyond 2023.
Tottenham Hotspur, Manchester City and Juventus have also been linked with moves for Vlahovic, who is supposedly in no position to leave Fiorentina midway through the season.
However, The Mirror states that Arsenal want to wrap up a deal in January to avoid a battle for Vlahovic's services in the summer and will fork out a hefty fee in order to do so.
Gunners boss Mikel Arteta recently refused to rule out a move for the 21-year-old, with Eddie Nketiah and Alexandre Lacazette both expected to leave when their deals expire this summer.
Vlahovic has scored a league-high 16 goals in 20 Serie A matches this term and recently stated his desire to help Fiorentina quality for Europe.