Arsenal have offered former AS Roma sporting director Monchi a three-year deal to join the club ‘as soon as possible’, according to reports in the English media.

VERONA, ITALY - FEBRUARY 08:  Former AS Roma sporting director Ramon Rodriguez Monchi  looks on before the Serie A match between Chievo Verona and AS Roma at Stadio Marc'Antonio Bentegodi on February 8, 2019, in Verona, Italy.  (Photo by Alessandro Sabattini/Getty Images)
VERONA, ITALY – FEBRUARY 08: Former AS Roma sporting director Ramon Rodriguez Monchi looks on before the Serie A match between Chievo Verona and AS Roma at Stadio Marc’Antonio Bentegodi on February 8, 2019, in Verona, Italy. (Photo by Alessandro Sabattini/Getty Images)

The Daily Mail write that Arsenal are confident the former Roma man will join them as technical director after his departure from the Italian side. The Gunners were willing to pay Monchi’s release clause to get him to leave his former club, but that’s now not necessary, and they’ve reportedly offered him a three-year contract in North London.

They do have competition for the 50-year-old’s signature though. Real Madrid and Atletico Madrid are both interested, according to the Mail’s report. Meanwhile, Le Parisien list Paris Saint-Germain alongside Arsenal as possible destinations.

Corriere dello Sport writer Matteo Pedrosi is more optimistic about Arsenal’s chances though. He claimed on Friday that after the relationship between Roma and Monchi ended by mutual consent, the 50-year-old is now just one step away from Arsenal. According to Pedrosi, Monchi will officially join the club in July.

The Daily Mail previously claimed Monchi will have around £45m to spend on transfers this summer if he does join The Gunners, which would be boosted by any sales Arsenal make. We’ll see if he’s up to the challenge of operating on such a budget if the reports are true.