Arsenal will reportedly reignite their interest in wing wizard Alex Oxlade-Chamberlain this summer.
The England youth international has received admiring glances from a number of top Barclays Premier League clubs this month, but Arsenal are now set to wait until the summer before moving again for the player.
Manchester United have also been heavily linked with a switch for the player, but Sir Alex Ferguson's side are also believed to be waiting until the summer before making a move as the top flight two go head-to-head for the 17-year-old.
Arsene Wenger had been tipped to land the player in January earlier this month, with the Arsenal boss breaking his usual policy and speaking on the transfer saga.
"We will try now. We need an agreement with Southampton. We need an agreement with the player, and we are not the only ones on the case. But we try as hard as we can as I like him as a player."
It appears that the Gunners have failed to reach an agreement however, and Arsenal will face competition from a number of clubs in the summer when the battle recommences for the Saints starlet.
Ferguson also expressed his interest in the player ahead of Manchester United's FA Cup clash against Southampton at the weekend, and SkySports reports that the Red Devils will also be challenging for the signature.
The club are keen to build for the future, and the Manchester United manager is thought to see Oxlade-Chamberlain as a potential star of the future.
Arsenal have a reputation for getting the best out of young talent in north London, and the player dubbed 'the next Theo Walcott' could flourish at the Emirates alongside the England international.
The player's father, Mark Chamberlain, also waded into the debate recently by saying Arsenal would be the preferred destination for his son.