Juventus striker Fernando Llorente's agent has reportedly arrived in London for talks with Arsenal over a summer move for his client.
According to Italian publication Corriere Dello Sport, the Italian champions are willing to do a deal for the Spanish forward, but the Gunners will have to meet their £12m ($18.6m) valuation to land the striker.
Arsene Wenger has admitted that if a quality player became available, the north London club are open to making another signing, as the Gunners along with West Bromwich Albion are the only club to have made just one acquisition this summer.
The 12-time FA Cup champions have been linked to various forwards this summer, and most recently it was Real Madrid's Karim Benzema, with Spanish publication El Confidencial claiming that Arsenal had made contact with the Spanish capital club with a view to a summer move for the French forward.
Llorente will be allowed to leave following the arrival of Mario Mandzukic from Atletico Madrid, and apart from Arsenal, the report claims that Tottenham, Monaco and Porto have also made enquiries regarding the striker.
According to the Mirror, Manchester United are also interested in signing the striker, with the report claiming that the Spanish international was supposed to be Louis van Gaal's surprise signing of the summer.
The 30-year-old forward played 31 games in the Serie A last season, scoring seven goals as Juventus won their fourth consecutive Italian title.
Meanwhile, Arsenal forward Theo Walcott has praised teammate and new summer signing Jeff Reine-Adelaide after the youngster impressed in two appearances for the Gunners during the Emirates Cup.
The 17-year-old midfielder, who was signed from Lens this summer, came on as a substitute in the first game against Lyon and started and provided an assist for Walcott's goal in the second game.
"For 17 he's confident on the ball and he wants to express himself as well, which is important. It's always nice to see a young player not be shy on the ball. Even if he makes a mistake he wants it again, which is a good sign," Walcott told Arsenal's official site.
"Getting that assist at the weekend just shows he's got that touch in the final third where it matters most, and he's got a good physical presence about him. The most important thing is not to put too much pressure on the young guy's shoulders.
"He's still got a lot to learn but he's at the best club to do that with the best manager as well. He's definitely got some skills and he's very talented, I've got to admit," the England international added.