Arsenal are reported to have opened talks with Real Madrid regarding the proposed acquisition of winger Angel di Maria before the close of the summer transfer window on September 2.
The Gunners have been linked with a move for Di Maria and his Madrid teammate Karim Benzema but, according to Goal.com, they are making greater progress in their pursuit of the former.
Real Madrid remain reluctant to allow Benzema to leave the Santiago Bernabeu until they find a capable replacement for the France international, but talks have been initiated over the potential sale of Di Maria.
Arsenal are reportedly ready to part with £26 million in order to secure the services of the Argentina international, who is set to become a more peripheral figure this season should Madrid complete a deal for Gareth Bale.
Di Maria has scored 25 goals and provided 47 assists in 138 appearances for Real Madrid - whom he signed for from Benfica - but the Spanish giants would appear to be ready to sell the 25-year-old to make room for more signings.
Arsenal made their interest in Di Maria and Benzema known following the defeat of Fenerbahce in the first leg of their Champions League qualifier, as Arsene Wenger strives desperately to make reinforcements before the transfer deadline.
The club have been urged to make good on their promise to spend their vast transfer reserves this summer, having only signed French youngster Yaya Sanogo on a free transfer this summer.