Arsenal are battling with Everton and 14 other European clubs for the services of VVV Venlo winger Ahmed Musa reports the London Metro.
The 19-year-old has been in scintillating form for the Dutch Eredivisie outfit since his transfer from Aminchi in his native Nigeria back in 2010.
With eight goals and numerous assists in his 33 appearances for Venlo, Musa has attracted widespread attention, and was the subject of a €10million bid from an unnamed German club last summer.
However, Arsenal also face competition for Musa's signature from Russian money bags CSKA Moscow - who have already held informal discussions over a possible transfer.
But Musa is determined to secure a dream move to the Barclays Premier League, and signed with English agent Tony Harris, who revealed that there are numerous clubs interested in his client.
"Yes it's true CSKA Moscow are among a large number of other European clubs who have shown interest in Musa," he confirmed. "There is still ample time, however, which we will use to evaluate our options."
Harris' comments come just days after Venlo president Hai Berden revealed that Musa is set to leave the club in January, saying: "The probability that Musa leaves is almost certain."
A fee of around £12million is the figure being touted to convince the Dutch side to part with their most prized asset - a valuation that is well within Arsenal's budget, while Everton are only prepared to meet the asking price in 12 monthly installments.
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