According to Fichajes, Real Madrid are interested in 15-year-old Max Dowman. The youngster has impressed Alonso and company, especially after his first team appearance during Arsenal's recent preseason match. Dowman, who played 30 minutes against Newcastle, won a penalty, which Martin Odegaard converted.

Arsenal and Liverpool may have been handed a massive boost in the race to sign Real Madrid forward Rodrygo. The Brazil international’s appears to be heading for the Santiago Bernabeu exit door this summer after being used sparingly at the Club World Cup.

Arsenal completed the signing of Sporting Lisbon forward Viktor Gyokeres at the weekend and have also already acquired Noni Madueke from Chelsea. Meanwhile, Liverpool are focused on signing Newcastle United forward Alexander Isak if they finalise the sale of Luis Diaz to Bayern Munich.