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Since the addition of Danny Welbeck and Alexis Sanchez in the summer of 2014, Arsene Wenger has only secured the signing of one forward in the past two years.
However, Lucas Perez, who joined the club from Deprotivo la Coruna last summer, has been sparingly used by the Arsenal manager.
And with the future of top scorer Alexis Sanchez still uncertain as he stalls on the decision to renew his contract which expires in less than 18 months, Wenger is now pursuing a new forward
Thus, the Gunners boss has expressed his interest in signing highly-rated Atletico Madrid star Yannick Ferreira Carrasco.
The 23-year-old has a huge $102.4 million (£85 million) release clause in his contract, but according to a report by Spanish outlet AS, Arsenal are willing to compete with fellow suitors Chelsea and Manchester United for the acquisition of the Belgium international.