Chelsea and Manchester City have reportedly joined the race for Sporting Lisbon wonderkid Joelson Fernandes.
The talented 17-year-old as attracted the attention of Europe’s elite following a breakthrough season – despite only making four league appearances.
Arsenal have been strongly linked with the player with Mikel Arteta keen to strengthen his attacking options and according to Portuguese newspaper A Bola the club have submitted a second bid.
Having seen an £18m bid rejected the Gunners have reportedly returned with a £29m offer which has also been turned down.
Daily Star Sport understands the player has a £40m release clause and Arsenal are keen to offer a player of their own into any deal in order to drive the price down.
However, the club will need to act quickly with Chelsea and City now making their move.
A Bola say both clubs have now made contact with the player’s agent Kia Joorabchian to express their interest and sound out the possibility of a transfer.
That could force Arsenal’s hand with the north London side reluctant to miss out on a potential future star to their Premier League arrivals.
Elsewhere, Arsenal are also closing in on the signing of former Chelsea player Willian on a free transfer.
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The Brazilian announced his departure from Chelsea last week and has agreed a three-year contract with the Gunners.
But while Arsenal look set to benefit from Chelsea’s decision to allow Willian to leave, Ian Wright fears his old club could be on the receiving end if the Blues decide to make a move for goalkeeper Emiliano Martinez.
"The thing that frightens me now with him is that when Bernd Leno does come back and he is fit, why would he want to continue as a No.2 when he's played to this level being a No.1?” said Wright.
"He will surely want to go and be a No 1 now.
"What frightens me is you look at someone like Frank [Lampard] and you look at what Chelsea's doing, you just say to yourself, 'Do you know something? Can we prise him away?'
"This is what worries me, simply because you look at what he's done and how he plays, he is better than Kepa now.
“I think he's probably better than Bernd Leno if I'm going to be totally honest, from what I've seen. I'd be gutted [if Martinez left].”
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