Arsene Wenger is considering an offer of €18m to try and tempt Real Madrid in to selling Alvaro Morata on a permanent basis, reports Spanish newspaper Marca.
The Arsenal boss is on an urgent hunt for striker reinforcements following the anterior cruciate ligament injury sustained by Theo Walcott and the 21-year-old Spaniard is believed to be high up on Wenger's list of targets.
Originally, Wenger was only thought to be interested in bringing Morata to the Emirates on a six month loan deal and was ready to offer £2m in order to secure his signature until the end of the season.
But Real Madrid are unwilling to entertain the idea of Morata leaving the Bernabeu in January either on loan or on a permanent basis.
Real Madrid president Florentino Perez has shown a keen ambition to keep as many youth products around the club as possible, possibly in an attempt to rival Barcelona's La Masia.
Morata, however, has found his opportunities severely limited in the Spanish capital and continues to fall behind Karim Benzema and Jese in the pecking order. With his contract expiring in 18 months time, it leaves Real Madrid in a potentially precarious position.
So Wenger is ready to tempt Carlo Ancelotti with an €18m bid to take Real Madrid on a permanent basis but must first convince the player that north London is a better place for his career to develop.
With Wenger's track record of turning youngsters in to world-class stars, only a fool would bet against him snapping up another hot prospect in Morata.