Arsenal have been told that they will have to pay €50m to land Portugal international Nicolas Pepe.
The Gunners are said to be keen on a move for the athletic winger and are considering a January approach.
According to Calcio Mercato, Lille, his current club, value him at €50m and will not sell for less.
Pepe has impressed in Ligue 1 this season and caught the eye of Unai Emery, who is interested in strengthening his wide options.
Arsenal are looking to add a new winger to their squad in the next two transfer windows and Pepe is a key target.
The report also claims that Spanish giants Barcelona are keeping tabs on him as they consider a move.
Barcelona are looking to get shot of Malcom in January, who has been touted with a loan switch to Arsenal.
The Brazilian has fallen out-of-favour in Catalan and could make the move to the Premier League.
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