Perhaps frustrated with the lack of progress in their pursuit of Valencia's Shkodran Mustafi, Arsenal appear to have identified a new target as they look to add some much needed defensive cover.
According to a report from the Daily Mail today, Arsene Wenger and co. have turned their attention to Atletico Madrid's highly rated centre back Jose Gimenez.
Per the report, Arsenal and Atletico have already entered into negotiations regarding the 21-year-old Uruguayan, but there is one predictable stumbling block that could cause issues for the Gunners.
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The Madrid side apparently see Gimenez as worth around £40 million and, as Arsenal fans have heard all too often this summer, it is thought that the north London club are "baulking at Atletico's current valuation."
Unfortunately for Arsenal, it appears that, with injuries to Per Mertesacker and Gabriel leaving them very light at the back, teams are well aware that they can raise their asking price for players knowing the Gunners might eventually have to pay above the odds.
And while Arsenal supporters will bemoan the fact that, once again, it looks like their club are risking missing out on a target over the sake of a few million pounds, the fact they are making a concerted effort to sign a central defender is a positive at least.
Moreover, again according to the Mail, Gimenez is believed to be open to a move to the Premier League and London specifically.
If Arsenal were able to bring in the Uruguay international, it would certainly be a significant upgrade on their current options.
In 55 games for Atletico Madrid over the past three seasons, Gimenez has developed into an important part of Diego Simeone's notoriously strong defence.
He also has 21 caps and three goals to his name at international level and became the youngest player to represent Uruguay at a World Cup when appearing at Brazil 2014 aged just 19.
Gimenez's fast and physical style has already attracted interest from Manchester United and Real Madrid in the past, and it would be a welcome addition to the Arsenal squad who just conceded four goals against Liverpool with Rob Holding and Calum Chambers at the back.
The key question now is, will Arsenal allow another potentially impressive transfer fall by the wayside because of the fee being asked.
At some point, with fan frustration reaching fever pitch and obvious holes in the first team squad, they will have to bite the bullet and pay top dollar.
Whether that moment comes in the form of Jose Gimenez, only time will tell.