Arsenal are thought to be favourites in the race to sign Dutch international winger Ibrahim Afellay.
The PSV Eindhoven winger has been linked with a handful of clubs over a potential January move, and Arsenal boss Arsene Wenger is thought to be one of those courting the player.
24-year-old Afellay is set to become a free agent in the summer, and the Phillips Stadium side will have to cash-in on the player in January or face losing one of their finest talents ona free transfer.
Real Madrid have also reportedly joined the chase for the player, while the Daily Mail claims that Liverpool have also held preliminary talks over a potential move.
It is Arsenal who are favourites to land the player though, with the Gunners having a £7 million summer bid turned down by the Eredivisie powerhouse.
Manchester United and Everton are also thought to have taken an interest in the player, but Frenchman Wenger is confident he can either agree a deal with the club or secure a pre-contract agreement with the player.
Arsenal have been promised funds to spend after announcing record-breaking profits at the Emirates, and Wenger is keen to strengthen in core areas at the first opportunity.
The January transfer window represents that chance, and Arsenal will look to land the precocious talent before their rivals in the opening month of 2011.