Arsenal have asked about Joao Felix on loan from Atletico Madrid.
The Spanish side want his wages paid in full plus an £8m loan fee for six months.
Chelsea and Manchester United have also spoken about the Portuguese but the figures are deemed too expensive, however Mikel Arteta will be hoping to take advantage having urged the club's board to back him in January.
Chelsea had previously been keen on Felix as they look to solve their goal scoring woes that have left them struggling in attack compared to their rivals at the top of the table this term.