Arsenal are believed to have made an enquiry for highly-rated Hamburg winger and long-term Liverpool target Eljero Elia according to skysports.com.
The 24-year-old Dutch international has already been the subject of a failed bid from Juventus earlier in the transfer window, but in a fresh twist a move could be back on the cards as Elia ponders a move to England.
Gunners boss Arsene Wenger is under pressure to spend some of the money generated from the sale of Cesc Fabregas and Samir Nasri, and is looking to strengthen his Emirates Stadium squad before the August 31 deadline.
After successfully qualifying for the UEFA Champions League via the play-offs on Wednesday, Arsenal will now have renewed optimism of attracting the very best talent to north London.
However, the Gunners could still face competition for Elia's signature from Liverpool, who have been courting the player for quite some time.
Reds boss Kenny Dalglish has been very active in this summer's transfer window, having already made five signings at Anfield - including midfield additions of Jordan Henderson, Charlie Adam, and Stewart Downing.
It is unclear at this stage whether Liverpool would still look to rival Arsenal for the player who is under contract at Hamburg until 2014, and if not Wenger and Co. may have an unchallenged bid accepted in the coming days.