Arsenal, Chelsea and Manchester United have all been handed fresh hope in their pursuit of Napoli striker Gonzalo Higuain.
Liverpool are ready to offer Raheem Sterling to Arsenal but only if the Gunners offer striker Theo Walcott and defender Kieran Gibbs as part of the deal.
Crystal Palace have joined the race to sign Paris Saint-Germain midfielder Yohan Cabaye, the Daily Mail reports.
Former Arsenal centre forward Paul Mariner says the Gunners need a world class striker if they are to be competitive next season.
Striker Alvaro Morata is expected to extend his stay at Juventus.
Lyon's Alexandre Lacazette is ready to leave the French side but only to join a team that qualified for next season's Champions League.
Arsenal legend Liam Brady says it is unlikely for boss Arsene Wenger to sign a top-class striker this summer.