The agent of Arsenal midfielder Lucas Torreira has reportedly travelled to Spain in order to discuss a move to Atletico Madrid for his client.
The 24-year-old has fallen out of favour under Mikel Arteta since suffering an ankle injury shortly before lockdown and is yet to make a single appearance this season.
Atletico are reportedly keen to sign Torreira on loan, but Arsenal are only interested in a permanent deal as they look to raise funds for late signings of their own in the window.
One of the players the Gunners want is Atletico's Thomas Partey, although the Madrid club are unwilling to include him in any part-exchange for Torreira as they are holding out for the Ghanaian's full £45m release clause to be paid up front.
Arsenal have also been linked with a move for Lyon's Houssem Aouar ahead of Monday's transfer deadline.