Arsenal could reportedly land Red Bull Salzburg midfielder Dominik Szoboszlai for a figure of €25m (£22.8m) if they move quickly over the next couple of weeks.
The Gunners are thought to be at the head of the queue for the 20-year-old's signature, with Mikel Arteta's team in desperate need of creativity amid their recent goalscoring problems.
However, Arsenal are set to face an intense battle for Szoboszlai's services, with Real Madrid, Bayern Munich, Tottenham Hotspur and RB Leipzig also tipped to move for the Hungarian starlet in January.
According to The Athletic, if Szoboszlai informs Salzburg of his desire to leave by December 15, the Gunners then have 16 days to fork out his £22.8m release clause to sign him in January.
The report claims that any bids for the Hungary international must be made by New Year's Eve, and if Arsenal fail to trigger Szoboszlai's release clause ahead of the upcoming window, they will be forced to wait until the summer before it activates again.
Szoboszlai boasts eight goals and nine assists for Salzburg in all competitions this season, and he is under contract at the Austrian giants until 2022.