Arsenal are ready to beat Chelsea to the signing of Brighton & Hove Albion midfielder Moises Caicedo this summer.
The Gunners had identified Mykhaylo Mudryk as their top attacking target this month but the Blues hijacked the deal at the last minute.
The Seagulls are prepared to wait until the summer to sell him and this could play into the hands of Arsenal, who are ready to spend big.
The Gunners are set to make their long-awaited comeback to the Champions League. They are currently 14 points in front of fifth-place Spurs.
This could hand them a huge advantage over the Blues, who are languishing in the 10th spot in the league. They are 10 points behind the top four.
(With inputs from Eyefootball )
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