Arsenal are reportedly reluctant to make an approach for Yannick Carrasco as they first want to try to bring in Ryan Fraser from Bournemouth.
Despite being given limited funds to work with this summer, Gunners boss Unai Emery is believed to have kept tabs on both players.
Carrasco has revealed multiple times that he wants to return to Europe following a spell in the Chinese Super League with Dalian Yifang, who are after around £25m for his signature.
According to The Mirror, though, Emery would prefer to sign Bournemouth winger Fraser and there is still hope that they can tempt the Cherries to cash in.
Fraser scored seven goals and set up 14 more in the Premier League last season.