Arsenal are considering a £20 million bid for FC Porto right-back Ricardo Pereira in January, according to David Woods for the Daily Star.
The 23-year-old, who has been capped twice by Portugal, is impressing on loan at Ligue 1 table-topping OGC Nice and is said to have caught the eye of the Gunners boss Arsene Wenger.
Ricardo is one of many success stories at Nice, who shocked French football this season by spending Christmas at the top of the division. Lucien Favre's young side has stolen a march on title favourites Paris Saint-Germain, who have had a poor season by their standards and reside in third.