Arsenal have been handed a £25m fee for Real Madrid striker Alvaro Morata should they attempt to buy the striker in the summer, according to the Metro.
The Gunners were heavily linked with a loan move for the player in January but the Spanish club refused to let the player leave but are interested in a permanent deal next summer.
However, Arsene Wenger is reportedly unwilling to spend the reported amount on Morata and is likely to begin discussions with Madrid over a price when the season ends.
The report states that the Gunners have agreed personal terms with the player who is desperate to move after failing to get into the starting eleven on a regular basis.
Arsenal are in the market for a striker to deputise for Olivier Giroud, who has cut a lonely figure at times this season. The addition of Morata will relieve the pressure on the Frenchman, who has started in most of Arsenal's games this season.
The striker, who was left out of Arsenal's Champions League game against Bayern Munich last month came off the bench to score a brace against Everton in the quarter finals of the FA Cup.
Arsene Wenger was impressed with his performance and insisted that he was kept on the bench to give him some rest ahead of a gruelling set of fixtures on the horizon.
The Gunners play Bayern in midweek in the return leg at the Allianz Arena and will follow that up with a trip to White Hart Lane to face Tottenham Hotspur next week.
"He was on the bench for what reason? He has played many games. For the rest, he has come on and showed he can score goals when he comes on. Yes [he needed a rest]. Ozil was on as well on the bench.
"He played at Stoke, Ozil was on the bench. It was important because he was on the end of things and it shows that when a player comes off the bench of that quality, it can make a difference," he told www.arsenal.com.