Arsenal are preparing a loan move for Juventus striker Fernando Llorente, while they are also keeping close tabs on AC Milan forward Stephan El Shaarawy, according to Goal.com.
Llorente has struggled to hit the ground running at Juventus since completing his move from Athletic Bilbao in the summer, scoring one goal in seven Serie A appearances, and the Gunners have identified the Spain international as the perfect short-term back-up option for Olivier Giroud.
However, Arsenal boss Arsene Wenger could yet make a move for AC Milan's highly-rated forward El Shaarawy, although it's believed that the Rossoneri will only be tempted to sell the 21-year-old if they drop out of the Champions League before January.
Following Saturday's 2-0 win over Liverpool, Arsenal currently sit five points clear at the top of the Premier League table - but the Gunners only have one top-quality striker in the form of Giroud, who has netted five league goals so far this season.
Llorente looks to be the most realistic signing of the two transfer targets, although El Shaarawy might be tempted to switch the San Siro for the Emirates Stadium with Milan currently sat 11th in the Serie A table.
The Italy international has only made two league appearances for Milan this season - but Arsenal could offer him a way out in January.