Arsenal have been offered the chance to sign Chelsea winger Raheem Sterling, sources have told ESPN.
The 29-year-old has been deemed surplus to requirements at Stamford Bridge and sources have said he is keen to secure a permanent transfer to another Premier League club to revive his career at club and international level.
Chelsea are keen to offload his £325,000-a-week wage earner and are believed to be open to a loan deal given Sterling has three years left on his contract.
They have been in talks with Manchester United over a potential swap deal involving Jadon Sancho, but that proposition remains complicated given the wage levels involved.
Juventus also remain interested in Sancho, while Sterling's camp have sounded out other options, including Arsenal and Aston Villa.
Arsenal manager Mikel Arteta distanced the club from a move for Sterling last week despite speaking positively about his character after the pair worked together for three years at Manchester City.
However, Arsenal have been open to signing an attacking player throughout the window and are discussing their options, having also been linked with a late move for Bayern Munich winger Kingsley Coman.
Meanwhile, Arsenal are close to signing Bournemouth goalkeeper Neto on loan, with the Brazilian set to undergo a medical on Friday morning, sources have told ESPN.
Arsenal have identified the 35-year-old as back-up to first-choice goalkeeper David Raya and his arrival will allow Aaron Ramsdale to complete his move to Southampton.
As reported by ESPN on Thursday, Ramsdale has agreed a deal worth up to £25 million ($33 million) including add-ons. Sources have told ESPN that Arsenal are open to signing another goalkeeper on Friday if the right opportunity arises, having allowed Karl Hein to leave on loan at Real Valladolid.
They have shown interest in Espanyol's Joan Garcia and have also been linked with Wigan's Sam Tickle. Sources added that Espanyol want a fee in excess of €20m ($22m) for Garcia.
