Arsenal are watching FC Koln striker Emmanuel Dennis.
Dennis is on-loan this season from Club Brugge - having seen the Gunners fail with an offer for him last summer.
BILD says Arsenal had an €18m offer for the Nigeria international turned down by Club Brugge and was sent away to Koln in January.
The 23 year-old has continued to be tracked by the Gunners this season and a new bid could be made at season's end.
Koln paid €1m for Dennis' six month deal.
