Arsenal are keen to complete the signing of Lyon midfielder Yoann Gourcuff before Friday's transfer deadline, according to the Daily Mail.
The 27-year-old France international has been identified as an alternative to Schalke star Julian Draxler, and could move to north London for a cut-price fee this month.
Gunners boss Arsene Wenger has long been linked with a move for Gourcuff, and could now take advantage of Lyon's precarious financial situation by luring the player to the Emirates Stadium.
Gourcuff has netted three goals in 13 league appearances for Remi Garde's side this season, and despite president Jean-Michel Aulas's insistence that no players would be leaving in January, the attacking midfielder could be on his way out of Stade de Gerland.
Wenger is set to meet the Arsenal board this week to discuss the possible transfer of Draxler, but with the German currently sidelined by injury, he's expected to propose a deal for Gourcuff.