Here is Monday’s news and gossip concerning Arsenal:
The Spaniard is also being pursued by Manchester City, but Los Blancos will accept nothing less than £36.7m for the 23-year-old.
Arsenal have received a boost should they decide to go back in for Isco’s Madrid teammate Karim Benzema, the Metro report.
Despite the Frenchman’s desire to stay at the Bernabeu, Los Blancos are allegedly open to offers for the 27-year-old.
The Gunners are reportedly preparing a January move for Anderlecht midfielder Youri Tielemans, according to the Daily Express.
Chelsea are also keen on the 18-year-old, but both clubs will have to part with £14.4m if they want the youngster, who only signed a new five-year deal last month.
Jack Wilshere is set to discover in the next two weeks if he needs to undergo surgery, according to the Daily Star.
The England international has missed the entirety of this season due to a leg fracture.
Wenger has tipped Theo Walcott to be the striker that the Gunners were crying out for during the summer window, the Daily Star report.
The former Southampton man has scored three in his last two games for club and country, which Wenger suggests is an encouraging sign.
“The quality of his receptions in the box is at the top. He will become a instinctive finisher when he has a couple of goals behind him,” he said.