Arsenal have made an enquiry over the availability of Benfica defender Lorenzo Melgarejo, according to the defender’s agent.
The Gunners face competition from Turkish giants Fenerbahce for the signature however, with last season’s Super Lig runners-up also keen on the 22-year-old.
Neither club has made an official bid for the player, but Sky Sports claims the Paraguayan is valued at £5million by his club.
"Arsenal and Fenerbahce have enquired about Melgarejo. But so far there has been nothing concrete," Juan Gabriel Appleyard told Radio Monumental.
Melgarejo spent time with three clubs in his homeland before moving to the Estadio da Luz in the summer of 2011.
A one-cap international, manager Jorge Jesus has converted the player into a left-back at the start of last season, and he featured regularly throughout – including in the Europa League final against Chelsea.
Arsene Wenger, meanwhile, has money to spend this summer, with Sky also reporting that Arsenal chief executive Ivan Gazidis is ready to back the manager in the transfer window.
Marouane Fellaini is another player to have been linked with a move to the Emirates Stadium, and it could be a busy few months for the Gunners in north London.