Arsenal took advantage of the Champions League draw to make a move for highly-rated Paris Saint-Germain teenager Adrien Rabiot.
According to a report in French newspaper L'Equipe, the Gunners met with PSG chiefs to discuss a deal for the 19-year-old midfielder.
Rabiot, standing at an imposing 6ft 4in, is a hugely exciting prospect and has already been capped at France Under-21 level.
With just a year left on his current deal, PSG don't mind allowing the midfielder to leave now for between £8-10million. Arsenal are said to lead the race for Rabiot ahead of rivals Tottenham and Italian club Roma.
Despite his young years Rabiot made 31 appearances for PSG last season, though the majority of those came from the bench.
He is known for his ability to drive from midfield and good passing, as well as being strong in the tackle. Comparisons to Patrick Vieira are inevitable.
How Arsenal could replace Olivier Giroud
How Arsenal could replace Olivier Giroud
1/9 Wilfried Bony
The Swansea striker had an impressive first season in Wales scoring 16 goals in the Premier League and 25 in all competitions. He has the strength and pace to operate as a lone striker and is technically good enough to fit in at Arsenal. he is believed to want a move to a bigger club and Swansea previously said they wouldn't stand in his way, with an offer of around £16m reported to be enough.
2/9 Radamel Falcao
The best attainable No 9 in European football, Radamel Falcao has been a target for Real Madrid all summer and Arsenal could beat them to the Monaco player’s signature. Although he missed most of the year – and the World Cup finals – with a knee ligament injury, Arsenal could sign the Colombian on loan, though they would not get much change from £20m in that deal.
3/9 Marco Reus
The German's release clause is a well known staple of this transfer window - Reus is available for a cut-price £20m next year. This could mean the versatile young star is available for a bit more now, with Borussia Dortmund perhaps keen to cash in. However recent history shows they are happy to keep their players to be stronger now. Robert Lewandowski stayed an extra season before moving on a free to Bayern Munich this summer.
4/9 Edinson Cavani
The Uruguayan was heavily linked with a move to Arsenal or Chelsea earlier this summer and his agent even said Cavani was interested in coming to England. He was reported to be unhappy at playing second fiddle to Zlatan Ibrahimovic but those fears seemed to have been allayed. He is truly world class and scored 25 goals last season, but he will not be cheap and with Giroud expected to be out before the turn of the year it may be a bit of a stretch to have both of these men in the squad.
5/9 Julian Draxler
Julian Draxler was the talk of the town in January when Arsenal made a reported £37m bid for the German. That mammoth bid, Draxler admitted, went to the 20-year-old's head and his form dipped - he scored just six goals in all competitions last year. But the youngster is still clearly talented and should find his form again, while it will not take anywhere near that previous price to seal a deal this time.
6/9 Theo Walcott
Since Arsene Wenger first started playing Theo Walcott on the right pundits have opined that he will eventually move back into a central role. Now 25, no such move has taken place. Walcott had a great year in 2012-13 scoring 21 goals in all competitions but managed less than 20 appearances last term. He is due back in mid-September and could, finally, see a role as Arsenal's main man.
7/9 Lukas Podolski
The popular German has been linked with a move to either Juventus or back to Germany but Arsene Wenger may now decide to put that move on hold. He is an excellent finisher and has a good scoring record in his two years at the club, with 28 goals from 69 matches. However, when he has played through the middle he has neither the pace nor the strength to really operate as a lone striker.
8/9 Alexis Sanchez
Impressed for Barcelona when played as a 'false 9' last season, Sanchez was terrible at Goodison Park in a similar position and was hauled off after 45 minutes. It will take time for the little Chilean to get used to the physicality of the Premier League, but he has the technical ability to succeed. However, a role as a lone striker may be too much in the early stages of his Arsneal career - he should be given more time to settle in.
9/9 Yaya Sanogo
Yet to score a goal for the club in 15 senior matches, Sanogo managed to bag four in a pre-season friendly against Monaco. The youngster is a gifted athlete but very raw technically, and it would be a mistake for Wenger to consider him adequate cover for Giroud.
Arsenal boss Arsene Wenger admitted his team would be "actively involved" in the rest of the window but didn't mention Rabiot.
"All [transfer negotiations] need to be as secret as possible," said Wenger, speaking at his Friday press conference ahead of the match with Leicester.
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"I will actively be involved on deadline day. I will be on alert until the last minute."
Wenger also said he may not buy cover for injured striker Olivier Giroud, out until at least December with an ankle injury, pointing to the players he already had.
"We have Yaya Sanogo, we have Alexis Sanchez, we have Theo Walcott, we have Lukas Podolski," he added.
"We have shown in the last two seasons that if there are [players to buy], we will do it.
"The last few days [of the transfer window] are like poker games."
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