Arsenal are favourites to secure services of Crystal Palace defender Aaron Wan-Bissaka,
Chelsea and Manchester City are among the sides in the hunt for his services, with Borussia Dortmund, Bayern Munich and Everton are all interested in securing his services,
Reports suggested that the Gunners boss Unai Emery is determined to add quick players and identified Aaron Wan-Bissaka as his top transfer target.
The Crystal Palace defender has impressed this campaign and is being chased by top European teams.
However, Arsenal have moved to the front and are in pole position to get the deal done for the 21-year-old full-back.
The Eagles are willing to cash in on a player and already have a replacement in his mind, having run the rule over the Blues prospect Reece James – a 19-year-old who has been currently being a loan at Wigan Athletic.
Though the Crystal Palace would be reluctant to sell the defender, they are willing to let him to depart if potential suitors cough up more than £40million.
The Gunners take on Bournemouth on Thursday as they look to keep the pressure on Chelsea and Manchester United in the race for the Champions League places.
Meanwhile, Chelsea are reportedly lining up a summer move for PSG centre-forward Edinson Cavani.
The Blues were recently slapped with a transfer ban that could block their efforts to sign a new player in the upcoming transfer window.
However, the Blues have stated that they intend to appeal the FIFA ban and fight for their rights to sign players
It means the Blues could be in for a busy summer transfer window as they plan a massive squad overhaul in order to compete for all possible trophies.