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Arsenal are hopeful of landing an audacious double loan swoop from Barcelona before the January transfer window closes next week.
The Gunners have held extensive talks with the Spanish giants over a move for midfielder Denis Suarez – and Brazilian attacker Malcom has now emerged as a top target.
According to The Sun, Arsenal will step up their pursuit of the 21-year-old and are on red alert for any developments over the coming days.
Malcom has been used sparingly by manager Ernesto Valverde this season, but with the club hierarchy still seeing a long term future at the Nou Camp they could lend him to Unai Emery until the end of the season.