Real Madrid are reportedly considering a move for Gabriel Martinelli as they look to address attacking problems ahead of the summer, according to Defensa Central.
The Spanish club, currently second in La Liga, are said to be planning significant changes following the departure of head coach Xabi Alonso, with their Champions League group-stage campaign also described as disappointing, leaving them seventh in the table.
Defensa Central claim Real Madrid are exploring a number of high-profile attacking options and that Martinelli is on their shortlist.
Arsenal reportedly value the Brazilian at around £86 million, reflecting both his age and his importance to the squad.
Martinelli is Arsenal’s leading goalscorer this season with nine goals and one assist.
He is under contract until 2027, with Arsenal holding an option for a further year.
There was a report at the weekend listing players Arsenal wanted to give new deals to, and Martinelli was not included.
Arsenal are close to agreeing new terms with Jurriën Timber and intend to hold talks with Martin Ødegaard, Kai Havertz, David Raya and Mikel Merino, all of whom are currently under contract until 2028.
They have already agreed a new deal with Bukayo Saka, yet to be announced, along with William Saliba and Gabriel.