The player being looked at by the two top-four Premier League sides is Bayer Leverkusen’s Moussa Diaby.
According to a report via SportWitness, the 23-year-old French winger is a target for Arsenal and Newcastle United.
The Gunners have now reportedly taken the lead in the transfer race, and it remains to be seen whether they can get the deal across the line.
No transfer fee is mentioned in the report but the winger is valued at €50m by transfermarket.com and has two years remaining on his current contract with the German outfit.
Diaby scored 14 goals and provided 11 assists in all competitions this past season, which is a very similar record to Arsenal’s current starting wingers.
And as Arsenal are now back in the Champions League for the first time since 2017, they will need better quality squad depth next term.