Arsenal in the hunt for PSV striker Ola Toivonen

Arsenal are planning to make a swoop for PSV frontman Ola Toivonen in January.

The 25-year-old, who signed a new contract with the Dutch side this summer, attracted interest from Gunners boss Arsene Wenger.

Scouts from the Premier League side have been watching the Swedish forward this season and are prepared to launch a bid in the next transfer window.

Despite recently penning a new deal in Holland, PSV are willing to listen to offers and value the star in the region of £12m, according to talkSPORT.

Italian side Juventus are also reportedly interested in Toivenen, who has racked up a tally of 18 goals in the Eredivisie.