Arsenal are preparing a bid to sign up Real Madrid striker Alvaro Morata on loan until the end of the season.
According to the Metro, the Gunners are willing to offer a loan fee of £2m in order to persuade the Spanish giants to sanction the move. Arsene Wenger will be looking for reinforcements in attack following injuries to strikers Olivier Giroud and Nicklas Bendtner during the festive period.
The Gunners also lost Theo Walcott during the 2-0 victory in the FA Cup clash with Tottenham Hotspur on Saturday. The 24-year-old ruptured the anterior cruciate ligament in his left knee, ruling himself out for the rest of the current campaign as well as the World Cup in Brazil in the summer.
Wenger could deploy Lukas Podolski as a makeshift striker, but the 64-year-old may want to bolster his attack with a stopgap player until the end of the season to help them end their eight-season trophy drought.
A loan stint away from the Spanish capital could benefit the 21-year-old and add experience with some first team action, having made only one start in 18 matches in La Liga for the Spanish outfit this season.
The Real Madrid striker burst into the limelight after helping the Spain Under-21 side win the U-21 Euros in June last summer. Morata was awarded the Golden Boot after ending up as the top scorer in the tournament.
Before the transfer window reopened in January, Tottenham Hotspur too were reportedly interested in the 21-year-old. However, Carlo Ancelotti dashed the hopes of the north London clubs as the Real Madrid manager stated his desire to not allow any player to leave the club in the middle of the season.
"No players are going to leave, and we are not going to sign anybody. For us the market is closed,' Ancelotti said.
However, Wenger may surely have other options lined up as Arsenal have been linked with Diego Costa, Dimitar Berabtov and Jackson Martinez in the last few months this season.
Former Arsenal winger Perry Groves has been very vocal in urging the 64-year-old to splash the cash.
The Gunners are on top of the Premier League table with 45 points from 20 matches and will be keen on retaining their spot when they take on Aston Villa at Villa Park in the league next Monday.