Arsenal hope to land Dortmund striker Pierre-Emerick Aubameyang this month – although Olivier Giroud could be offered as part of the deal.
Boss Arsene Wenger looks certain to bid for the prolific Gabon international to ease the pain of losing Alexis Sanchez.
The Chilean could join Manchester United in the next 48 hours with Henrikh Mkhitaryan likely to come the other way in a player-plus-cash transfer.
Arsenal also like Bordeaux’s £45m-rated hitman Malcom but Aubameyang is Arsenal’s priority and they would not sign both.
Wenger’s new recruitment supremo Sven Mislintat knows both Aubameyang and Mkhitaryan from his spell at Dortmund.
Equally, Mislintat has already reassured that Wenger party-loving Aubameyang, 28, who has a reputation for being flash, is good to work with.
Aubameyang has scored 98 goals in 143 games for the Germans who want £60million for the player.
Arsenal will not pay anywhere near that amount but will offer Giroud plus £30m although the deal is set to drag on until the end of the transfer window.
French striker Giroud, who is disillusioned at Arsenal, was wanted by Dortmund and Everton in the summer but remained at the Emirates.
Arsenal are also set to sell Theo Walcott to Everton.
Also, Sanchez is likely to seal a switch to Old Trafford with Manchester City appearing to have dropped their interest. United are offering Sanchez £400,000-a-week in wages.