Arsenal are still in the hunt for a deal to sign Ecuadorian midfielder Moises Caicedo, according to reports.
The Gunners have been linked with the 19-year-old for some time and it appears they are still keen to bring him to the Emirates Stadium.
According to the Daily Mail, Arsenal are still in talks with Independiente del Valle over a deal for Caicedo, who has been compared to Manchester United star Paul Pogba.
The report claims that Arsenal are willing to pay around £5million for the midfielder, who has been capped four times by Ecuador.
Meanwhile, Arsenal are also reportedly in talks with Real Madrid over a potential deal for winger Marco Asensio.
According to Spanish outlet AS, the Gunners have held talks with the Spanish giants over a potential loan move for the 24-year-old.
Asensio has been linked with a move away from the Bernabeu in recent weeks and it appears Arsenal are keen to take advantage of the situation.
The report claims that Arsenal are keen to take Asensio on loan for the remainder of the season, with an option to buy at the end of the campaign.
Elsewhere, Arsenal are reportedly set to travel to Lisbon to complete the signing of Manchester City striker Gabriel Jesus.
According to the Daily Mail, the Gunners are set to travel to the Portuguese capital to complete the deal for the Brazilian forward.
The report claims that Arsenal are willing to pay around £27million for the 23-year-old, who has been linked with a move away from the Etihad Stadium in recent weeks.
Jesus has been out of favour at City this season and it appears Arsenal are keen to take advantage of the situation.
The report claims that Arsenal are hoping to complete the deal before the transfer window closes on February 1.
It remains to be seen if Arsenal can get the deals for Caicedo, Asensio and Jesus over the line, but it appears they are still in the hunt for all three players.