Arsenal have been told they have until Friday to close a deal for Real Valladolid defender Ivan Fresneda.
The Gunners have already added two new faces to their squad in the January transfer window. Leandro Trossard and Jakub Kiwior have been signed for a combined 48m from Brighton and Spezia.
With just a few days remaining of the current window, there could yet be even more signings. Young right-back Fresneda is among those to have been linked with a late switch to the Emirates Stadium.
Arsenal and Borussia Dortmund have both offered 15m for the youngster.
Italian transfer expert Fabrizio Romano reports the Gunners will now spend the next 24 to 48 hours deciding whether they will continue pursuing Fresneda over the closing days of the window. It remains to be seen if they move onto alternative right-backs should they elect to pull out of the race for his services.