Juventus are gearing up to make a €40 million (£29m) offer for Mesut Ozil - either this summer or in 2016.
The timing of the bid depends on the futures of Paul Pogba and Arturo Vidal, both of whom have been linked with an exit from Turin. According to Italian newspaper Tuttosport, if either of those players leave this year then Juventus will make their move.
However if both stay put then the Italian champions will delay their approach by a year - which could help them in their attempts to land the German.
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Pogba has been heavily linked with Manchester United, Chelsea, Manchester City and Barcelona, and although Juventus are doing their best to keep hold of their star player, there is a good chance he will be on the move before the window shuts.
Arsenal forked out more than £42 million for Ozil two years ago and won't consider selling him at such a loss so soon, however the 26-year-old has been criticised for his lack of consistency so far and a disappointing campaign next time round could cause Wenger to think about selling up.
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But Ozil put together a fine run of performances towards the end of last season and Arsenal won't sell one of their star players as they look to build a team capable of winning the title.
However Tuttosport add another interesting angle which could impact upon Ozil's future. They claim that the German international and Wenger don't get along and that could influence the Frenchman's decision.
Juventus boss Massimiliano Allegri has made it clear recently that he is keen on landing a playmaker this summer, and Ozil would certainly fit the bill.
He has suggested that both Isco and Chelsea ace Oscar are chief amongst his targets as he looks to guide his team to a fourth straight league title and go one step further after losing in the Champions League final to Barcelona last season.
This story sounds pretty fanciful - Juventus need a number 10 and Ozil is one of the best in the world, but Tuttosport claiming there is a problem between him and Wenger sounds like they are trying to cause trouble. The line about making a move in 2016 sounds like a get-out clause or back-tracking too.
At 26 Ozil is heading towards the prime of his career and will be vital to the Gunners as they look to win their first league title in more than a decade. For Juventus, Isco would be a much better target as they would be wasting their time by putting in a phone call to north London.