Report: Arsenal to move for Lucas Silva

Arsenal have reportedly joined the race to sign Lucas Silva from Cruzeiro in January.

Recent reports had suggested that Real Madrid were close to completing a deal to sign the 21-year-old, but no official announcement has been made by either club.

When asked about a potential move for Silva, Madrid boss Carlo Ancelotti told reporters: "We are waiting to see how the recovery of Modric and James [Rodriguez] progresses."

If Madrid delay making a decision, Arsenal are ready to match Cruzeiro's £12m valuation of the midfielder, according to the Daily Mail.

The report claims that Silva is part-owned by a sports investment fund who would be owed around £4m from any £12m sale.