Arsenal are determined to sign a creative midfielder in January.
Goal says Gunners boss Mikel Arteta is eyeing a loan move for Real Madrid midfielder Isco while he also remains keen on Lyon playmaker Houssem Aouar.
Gunners chief Edu admitted recently the club are in dire need of a spark in the middle - despite spending big on Thomas Partey in the summer.
Isco has been linked with a loan switch to north London after his agent confirmed he is looking for a new challenge abroad.
The 28-year-old - who has started just three games in LaLiga this season - is believed to be attracting interest from Arsenal and Manchester City.
But the ex-Malaga star, who is tied down at Los Blancos until 2022, could price himself out of a switch with his wage demands.
Aouar meanwhile has been attracting attention from Paris Saint-Germain and is said to be valued at around £45million.
Arsenal tracked the playmaker for much of the summer window but failed to land their top target.
