Arsenal are believed to be holding talks with Ukrainian giants Dynamo Kiev over a possible move for highly-rated winger Andriy Yarmolenko, according to Portuguese publication A Bola.
The Gunners have held a long standing interest in the free scoring 26-year-old, and approached Dynamo to discuss terms and find out how much he would cost them.
And according to the report, Dynamo have told Arsenal that they would be willing to allow him to move on providing they can cough up £20.5m.
A number of top European clubs are also said to be interested in the winger, while there are admirers closer to home in the shape of Chelsea and Everton.
However, as it stands, Bundesliga outfit Borussia Dortmund are being billed as favourites to snap him up, so Arsenal will have their work cut out for them if they want to cut in front and secure a deal.
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