According to the Daily Express Arsenal have made a £4m bid for attacking midfielder Florian Thauvinhave.
Thauvin has been in fine form for Bastia this season, and has three goals to his name from 17 appearances.
The French midfielder has also been linked with a move to Newcastle, but French paper Nice Matin has it that Arsenal’s bid for the 19-year-old was twice that of Newcastle’s offer.
They also report the Gunners want the youngster this month, whereas Ligue 1 side Bastia don’t want him to leave until June.
The 19-year-old Thauvin began his career with Grenoble before moving to Bastia, who were promoted to the French first division this season.
The French side have issued a statement saying that they
“do not intend to participate in gossip and fantasies regarding the player moving for completely disproportionate transfer amounts, given the situation of the player and the current prices in the transfer market”.