Arsenal 'are considering re-signing PSV Eindhoven striker Donyell Malen for £48million' as they look for a long-term replacement for Pierre-Emerick Aubameyang.
The 21-year-old Holland international was in Arsenal's academy for two years between 2015 and 2017, playing for the Gunners' first team in various pre-season matches.
But Arsenal sold Malen to Dutch club PSV for just £500,000 and he has since made big strides in realising his potential in the Eredivisie.
Malen has scored 17 goals and contributed nine assists across all competitions for PSV this season.