Arsenal are one of a number of Premier League clubs to be linked with a move for Schalke striker Klaas-Jan Huntelaar.
talkSPORT suggest Arsenal could move for the Dutchman, whose contract runs out next summer, but any move could be dependent on the future of Theo Walcott.
The England winger is thought to be a target for Manchester City and Liverpool, and has been relegated to the bench at the Emirates Stadium in recent weeks. Arsene Wenger could use the funds to finance a move for Dutch international Klaas Jan-Huntelaar.
But, talkSPORT speculate that Arsenal are not the only club to register an interest in the Bundesliga star. Chelsea and Tottenham are also credited with an interest in Huntelaar, who is out of contract with Schalke next summer.
The German club's general manager, Horst Heldt, has already admitted that the likelihood of keeping Huntelaar "is slim".
Chelsea are believed to be considering their forward options in the January transfer window. The Stamford Bridge side are linked with Atletico Madrid striker Falcao, with a £45m bid rumoured to be forthcoming when the window opens.
Chelsea striker Fernando Torres is currently Roberto Di Matteo's lone option up front, at least until Danny Sturridge returns from injury, and the Blues are thought to be weighing up the decision to strengthen in January.
Tottenham have more options, and summer signing Emmanuel Adebayor is yet to start for Spurs, but Andre Villas-Boas may find the opportunity to sign Huntelaar to good to pass up.
The Dutchman is available on a free transfer next summer, assuming he does not sign a new Schalke contract, but the German side could choose to sell him in January and recoup a fee for the international striker.
But Huntelaar could spurn Chelsea and Tottenham and opt instead to replace his international compatriot Robin Van Persie at Arsenal.
The Gunners signed Lukas Podolski and Olivier Giroud before they sold Van Persie, and while Podolski has settled well, Giroud has struggled.
And talkSPORT suggest Arsenal could be tempted to test the water with a bid for the 29-year-old in January, if Walcott moves on.
Liverpool have been linked with a move for Walcott in recent weeks, but talkSPORT also speculate the Reds would be interested in Huntelaar if he became available at the right price. Liverpool are short of strikers following the departure of Andy Carroll, with just Fabio Borini and Luis Suarez available to Brendan Rodgers as senior strikers.