Arsenal are considering a move for Tottenham and Liverpool midfield target Bernard, according to the Daily Mail.
The 20-year-old has been linked with a move to White Hart Lane, with Liverpool joining the race for the Brazilian's signature. Bernard is one of the more promising stars in South America and his performances for Atletico Mineiro have seen him attract interest from top European clubs.
The midfielder's agent, Juan Reol, has already confirmed interest from Champions League finalist Borussia Dortmund, Portuguese giants FC Porto and Tottenham. In addition, Mineiro president Alexandre Kalil revealed there are offers from five clubs.
However, the Mail's report claims the Gunners have opened negotiations with the Brazilian club and are closing in on a deal for the midfielder. Arsenal are believed to have won the race for Bernard's signature, which could see them pay around £21m to land the playmaker.
Arsenal's move for Bernard could be a major blow for north London rivals Spurs, as Andre Villas-Boas is believed to be keen on acquiring the player to strengthen Tottenham's squad.
Theo Walcott Delighted with Arsenal Star's Return
Meanwhile, Theo Walcott is delighted after Jack Wilshere returned to full fitness and believes it is vital for Arsene Wenger's side to keep the 21-year-old fit. The midfielder spent most of last season on the sidelines, with injuries restricting his playing time.
Wilshere was an unused substitute during Arsenal's 7-0 win over Indonesia but came on from the bench in the 7-1 win over Vietnam.
"It's so important for the club that Jack stays fit. He gets everything ticking and makes everything sort of flow. I didn't really get to play with Jack at all last season so it's nice that he's back," Walcott explained.
"He's had so many injury problems at such a young age and now we hope they've gone out of the window. Without a doubt, he's going to make our team better. He can spot anything when you're making your runs. We're definitely going to have a very good season together," he added.