Chelsea, Manchester United and Manchester City will all enter the race for Julian Draxler if the player is still at Schalke in the summer, reports the Daily Star.
Arsenal have been heavily linked with a move for the young German with many expecting Arsene Wenger to seal a deal before tonight's transfer deadline.
However, the Gunners boss revealed that Arsenal won't be signing Draxler this month with the Daily Mirror reporting that Wenger refused to meet Schalke's £37m asking price.
But while Arsenal were given a clear run at the 20-year-old in this window, it will be very different if they return for him in the summer with several of their Premier League rivals ready to compete for his signature.
Chelsea, Manchester United and Manchester City are planning to launch summer bids should Draxler stay at Schalke as expected.
Arsenal are also likely to return for the player but may now face a higher transfer fee and the prospect of paying Draxler higher wages as the demand drives the price up.
Jose Mourinho and Manuel Pellegrini will have the benefit of their rich benefactors while Manchester United will continue to invest heavily in what is a struggling squad.
Manchester United may struggle to convince Draxler to move to Old Trafford if they miss out on Champions League football.
David Moyes has bought Juan Mata in to try to salvage a deteriorating situation but knows the fight to make the top four is well and truly on.