Arsenal have beaten Manchester United to the signature of Southampton youngster Alex Oxlade-Chamberlain, report the Mirror.
The 17-year-old has been highly coveted after his impressive performance saw Saints promoted from League One this season, and the Premier League big guns have been linked continually with his signature.
But it seems that Arsenal have beaten United to the player who has been dubbed the new Theo Walcott, for his extreme pace on the ball.
Just this week, Arsenal were left disappointed after United snatched Phil Jones from their grasp.
The £12 million fee linked with Oxlade-Chamberlain is an uncharacteristically high amount of money for Aresene Wenger to spend on a player in recent years.
Sir Alex Ferguson is going through a major overhaul at United, with Ashley Young also expected to join the club this summer as he attempts to build yet another side capable of challenging for domestic an d European honours.
Arsenal and United are expected to go head-to-head for Gary Cahill and Samir Nasri, who is rumoured to be United's top transfer target.