Manchester United and Liverpool both reportedly sent scouts to watch Bordeaux winger Malcom in action during last Friday's Ligue 1 clash with Paris Saint-Germain.
Malcolm, 19, has already made 30 appearances for Bordeaux this season - scoring six times in the process after breaking into the senior set-up following a 2016 move from Corinthians.
According to GirondinsInfo, Malcolm's form has attracted interest from the Premier League, and both Man United and Liverpool sent representatives to watch the attacker in action last week.
The Brazil Under-23 international played 78 minutes of the Ligue 1 contest, but struggled to make his mark as PSG ran out 3-0 winners courtesy of a brace from Edinson Cavani and an Angel di Maria strike.
Malcolm came through the youth system at Corinthians before making the switch to Europe.