Arsenal are on red alert amid reports that Chelsea are determined to beat their London rivals to the signature of Mykhailo Mudryk.
The Shakhtar Donetsk forward was linked with a switch to the Emirates Stadium last summer, but Arsenal were unable to get a deal over the line.
They were always likely to renew their interest in the Ukraine international when the market reopened for business at the start of January.
But Shakhtar are driving a hard bargain for their prized asset, with the Daily Mail writing that Arsenal have had an offer of £62m turned down for a player who is valued at £35.3m by Transfermarkt.
And the Independent has revealed that Chelsea are increasingly confident that they can steal in and beat Arsenal to the signature of the 22-year-old.
Chelsea have told Shakhtar that they are willing to better any offer that Arsenal make for the talented starlet.
The Ukrainian giants are holding out for a fee of around £88m for their main man, and Chelsea would be willing to meet their demands.
Todd Boehly, the club's co-owner, is willing to back Graham Potter in the transfer market amid a poor run of form.
Chelsea have won only one of their last seven matches in the Premier League, and they head into Thursday's meeting with Manchester City in 10th place.
Potter's side will then face City in the third round of the FA Cup this weekend.
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