Arsenal face competition from PSG for Barcelona winger Malcom.
The Gunners have already offered to take the young prospect on loan for the forthcoming season with the option to buy the wide-man at the end of the campaign, says the Mirror.
However, it is understood that Barcelona would prefer to sell the 22-year-old just one year after signing him for 41m (36.77m) from Bordeaux.
The Catalan giants could also be tempted to use Malcom as a sweetener in a deal to bring Neymar back to La Liga from PSG.
This leaves Arsenal as outsiders in talks for the Brazilian.
