Gunners quoted asking price for world class forward.
The Gunners are known to be tracking the French international, who is not guaranteed a first-team place at Real this season, but who has long been regarded as one of the best players in the world in his position.
Arsenal & Liverpool combined XI: 7-4 to one side, but who? Mesut Ozil & Philippe Coutinho in amazing attack
Best ever Premier League debuts: Chelsea ace Pedro joins Manchester United star in top five
Fifa 16 young players set for a ratings increase, including Pogba!
There’s no doubt Benzema would prove an upgrade on Olivier Giroud up front, but it remains to be seen if Arsenal will be ready to fork out quite so much money for him.
Despite previously being linked with a move to the Emirates Stadium for around £45m, the Daily Star now claims Real want more like £50m to let him go.