Arsenal are close to agreeing a deal with Shakhtar Donetsk winger Mykhailo Mudryk, but Chelsea are refusing to give up just yet.
The Gunners remain front runners for the 23-year-old's signature, with Mudryk reportedly pushing for a move to the Emirates following a series of hints on social media.
The winger is Mikel Arteta's priority this January, with the Spaniard keen for attacking reinforcements following an injury to Gabriel Jesus.
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And Daily Mail journalist Daniel Matthews has provided a fresh update on the situation.
"Sources in Ukraine say discussions over a move for the Ukraine international – believed to be worth between £75million and £80million - are still ongoing," he wrote.
The news comes after it emerged on Thursday that Arsenal had submitted a brand new offer of £62million, according to journalist Fabrizio Romano.
But with the Ukranian side thought to be holding out for a whopping £88million, using Antony and Jack Grealish as a financial benchmark, London rivals Chelsea are said to still be in the race.
Chelsea "in talks with Shakhtar"
The Daily Mail report adds that "Chelsea remain in talks with Shakhtar," despite Arsenal remaining strong favourites.
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The Blues are thought to want reassurance that the Ukraine international wants to move to Stamford Bridge before they enter a bidding war with the league leaders.
However, Mudryk's personal preference is said to be Arsenal, with Gunners fans convinced he wants to join after posting an Instagram story depicting him in an Arsenal jersey.
Speaking after Monday night's FA Cup victory over Oxford United, the Arsenal boss reaffirmed their desire to bring in a forward, stating: "The problem is that we have only one striker and to cope for that many months until Gabby is back is not easy."
"But we have to get the most out of the players that we have at the moment. If we can have some reinforcements, great."
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With news of Arsenal stepping up their pursuit for Mudryk, many would have expected the Blues to back down, but it seems they remain interested and ready to pounce should the opportunity arise.
Chelsea, who completed the signing of midfielder Andrey Santos from Vasco da Gama on Friday, are also thought to be interested in RB Leipzig winger Dani Olmo and French forward Marcus Thuram.
Topics: Arsenal, Mykhaylo Mudryk, Chelsea, Mikel Arteta, Graham Potter, Transfers, Premier League, Football