Arsenal will reportedly have to hold off competition from as many as five other clubs if they wish to bring Real Madrid attacker Isco to the Emirates Stadium.
The 28-year-old has made 11 appearances for Los Blancos during the 2020-21 campaign but has largely struggled to secure regular action.
The Spain international could be on the move during the January transfer window, and Arsenal have recently been credited with an interest as they look to bring in a new playmaker.
However, according to Marca, Bayern Munich, Everton, Paris Saint-Germain, AC Milan and Juventus are also candidates to sign the former Malaga youngster at the start of 2021.
Isco's existing deal at the Bernabeu is due to expire in June 2022, but it appears that a loan move is more likely than a permanent switch during the winter window.
The attacker has made 318 appearances for Madrid in all competitions, winning two La Liga titles, one Copa del Rey and four Champions League trophies.