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Arsenal hopes to clinch a bold double of two loans from Barcelona before closing the window in January, next week.
The Gunners had a long talk with the Spanish giants about the transfer of midfielder Denis Suarez. The Brazilian striker Malcom has now become one of the main targets.
According to The Sun, Arsenal will intensify its pursuit of the 21-year-old and is on red alert for any development over the next few days.
Malcom has been used sparingly by manager Ernesto Valverde this season, but the club hierarchy still envisioning a long-term future at Camp Nou, they could loan him to Unai Emery until the end of the season.
Having signed a 40 million pound contract with Bordeaux last summer, Malcom is fighting for his confidence and the times of play at Nou Camp and Barcelona are desperately trying to ensure that its value does not plummet.
They would be thinking of the idea that a temporary switch could keep him safe for a summer break or put him in the shop window for a very expensive outing.
Arsenal could face competition from AC Milan, who would also have shown interest.
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