Arsenal are close to completing a stunning £36m move for Schalke's attacking midfielder Julian Draxler, according to the Telegraph.
Reports in Germany claim that the Gunners have already agreed a fee with the Bundesliga outfit, while negotiations with the player have now commenced.
If the deal goes through, Draxler will become the second-most expensive player in Arsenal's history, following the £42.4m arrival of Mesut Ozil from Real Madrid at the end of last summer.
Arsenal's German contingent is believed to be one of the reasons why 20-year-old Draxler is keen to complete a move to the Emirates Stadium this month.
As well as Ozil, Arsenal also have Per Mertesacker, Lukas Podolski, Serge Gnabry and Gedion Zelalem in their ranks.
Although Schalke would prefer to keep the gifted Germany international until the end of the season, Draxler is reportedly keen to move to the Premier League outfit before the January transfer window closes, while a £36m offer may be too tempting for the Bundesliga club to turn down in any case.
Once Draxler completes his move to Arsenal, Schalke are then expected to use some of the cash on acquiring the services of Tottenham's out-of-favour playmaker Lewis Holtby.