According to Telegraph Sport, Arsenal have joined the race to sign Real Valladolid right-back Ivan Fresneda, and have serious interest in the 18-year-old. it is thought that he could be available for around £15million.
Arsenal face competition from teams across Europe, including Newcastle United, but in recent days they have made clear their interest for the 18-year-old.
The Spanish U-19 international is seen as one of the biggest talents in the La Liga this season, making eight appearances in total so far this season.
A potential move for Fresneda could depending on Cedric Soares going the other way, who has been targeted by Fulham in recent weeks.
Arsenal might have missed out on Mudryk but their transfer business is still very much alive during the last few weeks of the window and the right back from Spain is definitely one to keep an eye on.