Arsenal are running out of time to make some much-needed signings in January.
Having missed out on Barcelona's Denis Suarez last week, the Gunners have turned their interest to Inter Milan winger and Manchester United target Ivan Perisic.
Perisic, 29, is the kind of player Arsenal are desperate for considering their lack of options out wide, so they're looking at signing the Croatian on loan.
Inter rejected an approach from their English counterparts earlier this week, though, because they want to make it a permanent deal worth £35m.
And that's given manager Unai Emery a dilemma. Arsenal don't have any money to spend this month, so loan signings are their only option right now.
It's up to Arsenal to make the next move and according to Inter's chief executive, Giuseppe Marotta, a follow-up offer hasn't been made.
"It is hard to keep players that don't want to stay, but no offer has arrived yet so therefore the prerequisite for a transfer simply isn’t there," he told Sky Italia.
"This also happens at other teams. I am a supporter of a restrictive transfer window, but with the fact that it closes on the 31st [of January], a lot of players wish to leave their clubs."
Missing out on Perisic would be very typical of Arsenal, so they need to find a way to make it happen before Thursday's 11pm deadline.
Italian newspaper Gazzetta dello Sport have today published an update on the proposed transfer and it details exactly what's going on.
Arsenal are said to be "playing on several tables" - which is a gambling reference - by monitoring the situations of both Perisic and Yannick Carrasco in Italy and China respectively.
Gazzetta's report adds that Perisic remains keen on a move to north London and would consider Arsenal going for Carrasco instead as a "big joke".
Credit to Sport Witness for translating.
So then, it sounds like Perisic has made it clear he wants to join Arsenal and would be very unhappy if they opted for Carrasco over him.
Carrasco represents a younger option at 25 years old, but there are doubts about whether he's the same player after his time in China with Dalian Yifang.