Arsenal are considering a move for Brighton and Hove Albion’s Moises Caicedo this month, but he would be an expensive addition to the squad.

The Telegraph report that Arsenal are considering a move for Moises Caicedo before Tuesday’s transfer deadline, but Brighton and Hove Albion are believed to want a fee of more than £75m.

Chelsea were the front-runners for Caicedo for a long time, but their previous offers were turned down. Arsenal are now showing an interest as they’re keen to strengthen their midfield this month.

Brighton’s valuation is high, and they would at least want more than the £60m they brought in for Marc Cucurella over the summer.

But that doesn’t necessarily rule Arsenal out, as the Gunners are willing to invest in the squad this month and were ready to sanction a big-money deal for Mykhaylo Mudryk before Chelsea made a more favourable offer to Shakhtar Donetsk.

Whilst Declan Rice is Arsenal’s top summer target, The Telegraph report that Arsenal’s interest in Rice isn’t expected to stop them trying to sign a midfielder this month.

Fabrizio Romano reports that Arsenal are one of three clubs exploring a deal for Caicedo, joining Chelsea and Liverpool in the race. He adds that Brighton would only be willing to sell for a huge proposal.

Still, that doesn’t entirely preclude a transfer. Romano tells CaughtOffside not to rule out a late surprise from Arsenal, and Brighton have started to look at potential alternative signings in case Caicedo leaves this month.

The Guardian report that Brighton have already had one offer for Amadou Haidara turned down by RB Leipzig this month.

The Evening Standard report that Arsenal face a fight to sign Caicedo before the January deadline, with Brighton under no pressure to sell.

But they add that Chelsea have cooled their interest, seemingly leaving the way open to the Gunners if they decide to pursue a deal.