Barcelona and Arsenal are locked in talks over the future of Malcom.
Barca have offered the Brazilian midfielder to the Gunners - and the Londoners are keen.
Spanish media sources say Arsenal have made an offer to take Malcom on a season-long loan, however Barca are seeking an outright sale.
The midfielder only arrived at Barca last summer from Bordeaux, but struggled to make an impact.
The Catalans are seeking similar to the 41m they paid Bordeaux to sell the attacker.
