Arsenal face competition from Valencia for the signature of Manchester City striker Edin Dzeko, according to reports.

The Daily Mail claims Los Che will have money to spend in the New Year, with Singaporean billionaire Peter Lim on the verge of taking over the clubs. If he does take charge, then Juan Antonio Pizzi will be given around £40million to invest in players.

And, Spanish publication Marca reports that the Bosnian international will be one of the players on their radar. However, both Inter Milan and Borussia Dortmund are keen on the striker, with the later already considering a £15million bid for the player.

Dzeko has found opportunities limited at Manchester City this season, with Sergio Aguero and more recently Alvaro Negredo taking the role as the main striker for the Premier League title-chasers.

Under new Citizens boss Manuel Pellegrini, the forward has started just six games for the Etihad Stadium outfit, with three of those coming back in August.

Arsenal boss Arsene Wenger is eager to keep the player in the Premier League though, and have been linked with a move since the summer.

Pellegrini attempted to rule out the possibility of a move to the Gunners at the start of December, insisting the player was not for sale amidst speculation over a switch to the Emirates Stadium.

Whilst the manager might not want to sell, a lack of first team football must be a concern for Dzeko ahead of the 2014 World Cup, and opportunities might be more forthcoming away from his current club.

Whether Arsenal could be the club to provide that is up for debate, but they now face a challenge from La Liga if they wish to pursue the signature in January.

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