Arsene Wenger is paying close attention to the situation of Karim Benzema at Real Madrid and is ready to launch a huge bid if Rafa Benitez decides to sell, reports El Confidencial.
The France international has been of the radar of Arsenal's manager for many years. Even before he moved to the Bernabeu from Lyon in 2009, the Gunners were still being linked with a move.
Wenger sat by for many years as Benzema's transfer value increased and Arsenal's ability to spend big in the transfer market diminished.
With Arsenal's debt more secure and cash flow improving, Wenger has been able to complete big money deals for both Mesut Ozil and Alexis Sanchez in successive summer transfer windows.
Now Wenger wants to make it three marquee signings in as many years by launching a bid for his compatriot, Benzema.
However, he will need to stars to align to in order to get his hands on the prolific striker, but with Benitez ready to start a tactical revolution at Real Madrid, things could be about to swing in Wenger's favour.
Reports in the Madrid media have claimed that Florentino Perez will again launch a bid to sign Sergio Aguero from Manchester City.
The Argentine striker has long been considered a dream signing by the Real Madrid president and, once again, they will test City's resolve with an enquiry.
Even if Aguero does not sign, there have been suggestions that Gareth Bale will be allowed to move to his favoured left-wing position with Cristiano Ronaldo taking up the lone striker role in a 4-2-3-1 formation.
That would leave Benzema with two options: sit on the bench or make hay and head for the Premier League.
Any deal for Benzema is likely to be struck very late in the summer, but Wenger is happy to bide his time knowing full well that Arsenal could mount a title challenge with their current attacking line-up.
They may, however, have to first compete with Manchester United for his signature as Louis van Gaal is also believed to be tracking the situation.
The Red Devils are looking to find a replacement to Radamel Falcao and possible Robin van Persie as well and have the financial power to blow Arsenal out of the water.
However, Wenger's legacy in French football should be enough to convince Benzema to head towards the Emirates rather than Old Trafford.
Should Arsenal risk everything by waiting for Karim Benzema or look for alternative options NOW?
Give us YOUR thoughts in the comment box below!