Arsenal are considering a move in signing Real Madrid winger Denis Cheryshev, according to Spanish newspaper AS.

The 24-year-old came up through the ranks of the La Liga giants' youth setup before making his way into the first team. He joined Sevilla on a season-long loan in 2013, before going out on loan to Villarreal in 2014/15 season.

Cheryshev impressed last season and continued his form to the pre-season. He has attracted interest from England and Spain with several clubs interested in securing his services.

AS claims Real would consider offers if interested clubs make a bid of over €21m (£14.6m, $22.8m) for Cheryshev. Spanish publication Sport claims Real will be allowing their player to leave the club in the summer transfer window.

The same report claims that apart from the north London club, their league rivals Liverpool are also keen on securing the winger's services. The Mirror reported the Reds have placed a bid for Cheryshev.

The Gunners have entered the race and will look to challenge Brendan Rodgers' side for the Real player. Any move from the Premier League outfits will see them face competition from Spain.

Villarreal manager Marcelino Garcia Toral admitted his side are open to the option of signing Cheryshev on a permanent transfer.

New Real manager Rafael Benitez is delighted with the efforts put in by the Russian international and has considered him as a backup for Cristiano Ronaldo. But it is still not sure if the Russian will get regular playing time, if he decides to continue with his current employers.

Earlier in June, Cheryshev revealed his first option is to continue at Real. However, he explained a move away from the Spanish capital club could be possible if there is an "irresistible" offer for his signature.

"If no 'irresistible' offer comes through, then my first option would be to stay with Villarreal. I'm convinced that in terms of professional set up and sporting ambition, this club is way ahead of many others," AS quoted Cheryshev as saying.

"My future affects several parties, so it is not something easy. I must return to Real Madrid and they are the ones that have to make the first decision [on whether to keep me or selling me]. And once Real Madrid decide we will see what happen."