Sporting’s Capel could be on the way to north London.
Capel has been playing in the Primeira Liga for two years following a £3m switch from Sevilla and has since been a regular for the club.
Last season the 25-year-old provided eight assists and scored four goals in all competitions and has since been touted by some of European football’s biggest teams.
Yet the Gunners are the latest of the bunch to join the race, with manager Arsene Wenger promising the arrival of several new faces and the north London club having been quiet in the window so far.
A disappointing start to the season and a seemingly endless stream of big names bypassing the Emirates Stadium has seen the fans become increasingly frustrated with Wenger.
The side lost their opening league match 3-1 at home to Aston Villa, although that was somewhat made up for with a 3-0 away victory against Fenerbahce in the Champions League qualifier on Wednesday night.
Capel operates mainly on the left-hand flank but has be known to switch to the right and is one of what seems like a continued generation of supremely talented Spanish footballers.
To date the winger has two caps for Spain and has experience in the Champions League and the Europa League and was also part of the under-21 side that won the European Championship in 2011 – alongside Chelsea’s Juan Mata.