Arsenal are willing to pay an initial £3million to sign Nottingham Forest defender - and reported Newcastle United target - Jamaal Lascelles, reports the Daily Mail.
The Championship full-back has been heavily linked with a move away from the City Ground in recent months, with a number of Premier League clubs monitoring his development.
Gunners boss Arsene Wenger is understood to have been keeping tabs on Lascelles since he was 16, and is finally ready to step up his bid to bring him to the Emirates Stadium.
Arsenal's chief scout Steve Rowley watched the 20-year-old in action against Bolton Wanderers at the weekend, and returned a favourable report to the Premier League leaders, prompting them to ramp up their interest in the Forest star.
However, the north London club could face competition from Newcastle for Lascelles's signature, with Newcastle manager Alan Pardew also monitoring the situation.
The Magpies are believed to have tabled a bigger offer upfront, in a bid to lure the player to St James' Park, but it's Arsenal that remain the favourites to sign the England U20 international, with Nottingham Forest boss Billy Davies keen to get Lascelles back on loan for the remainder of the campaign.