Arsenal are ready to offer Real Madrid midfielder Sami Khedira £140,000-a-week in wages in the hope of convincing him to move to the Emirates Stadium in January.
The Daily Express reports that despite earlier suggestions the Gunners have agreed an £11 million fee with the Spanish giants, formal negotiations are yet to take place for the transfer of the World Cup winner.
However, Arsene Wenger is still keen to bring the 27-year-old to north London after failing to successfully recruit a defensive midfielder during the summer transfer window.
Arsenal shelled out more than £70 million on five major signings ahead of the 2014/15 campaign - Alexis Sanchez, David Ospina, Mathieu Debuchy, Calum Chambers and Danny Welbeck - but due to recent injuries remain short on options at the back and the holding midfield role.
Thomas Vermaelen's departure to Barcelona has left the Gunners particularly light in central defence, while Mikel Arteta - the man who succeeded the Belgian as club captain - has been heavily criticised following a number of disappointing performances in front of the back four.
Wenger has made no secret of his desire to add a more physical presence in the middle of the park, and Khedira could well be the answer to Arsenal's problems when the transfer window reopens at the turn of the year.
Arsene Wenger quote:
"I'm happy with the signings but we still need a physical presence with prodigious ability like [Patrick] Vieira or [Emmanuel] Petit," said the Frenchman.
Manchester United and Chelsea have also been mooted as admirers of Khedira, with Jose Mourinho knowing the Germany international particularly well from his time in charge at the Santiago Bernabeu.
However, the Blues were unable to proceed with a bid for the player during the summer because they already had too many foreign players on the books at Stamford Bridge following the arrival of La Liga trio Cesc Fabregas, Diego Costa and Filipe Luis in west London, plus the free transfer return of club legend Didier Drogba.
Rival interest waned
Louis van Gaal meanwhile opted to sign versatile Dutch star Daley Blind from Ajax instead, having worked with the youngster closely during his time in charge of the Holland national team.
But, the Red Devils' fortunes have not improved despite numerous big-money signings at Old Trafford, with the Premier League giants on the receiving end of another shock defeat against Leicester City on Sunday, with the newly-promoted side claiming a 5-3 victory at the King Power Stadium.