Eduardo Vargas is set to be the subject of a transfer battle between Arsenal and Villarreal.
The La Liga outfit have targeted the £5 million-rated striker as a replacement for Giuseppe Rossi, who is out of action at El Madrigal for six months with a knee ligament injury.
However, talkSPORT claims Arsenal are set to challenge the Spaniard's for Vargas' signature, with Arsene Wenger looking to add to his attacking options at the Emirates in January.
The Universidad de Chile starlet is regarded as one of the hottest properties in his homeland, with AC Milan recently being linked with a move for the 21-year-old as well.
It's the Gunners who lead the chase from England though, with Wenger's array of Arsenal scouts highlighting the South American as a potential star of the future.
The forward would join Brazilian full-back Andre Santos in north London, whilst fellow players from the continent Denilson and Carlos Vela are currently on loan and away from the Arsenal first team.
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