Crystal Palace are reportedly considering a transfer offer for Arsenal star Emile Smith Rowe.
The Eagles are looking to utilise the funds raised by Michel Olise's £50.8 million ($64 million) move to Bayern Munich earlier this month.
Chadi Riad has already arrived from La Liga side Real Betis but Palace boss Oliver Glasner is looking for more reinforcements, with Smith Rowe a possible target.
As per the latest update from transfer expert Fabrizio Romano, Arsenal have already rejected an offer for the England international from Fulham, as Palace assess their next move.
🚨🔴🔵 Understand Crystal Palace are set to bid for Emile Smith-Rowe.
— Fabrizio Romano (@FabrizioRomano) July 19, 2024
Fulham had proposal rejected by Arsenal this week and Palace now set to try, as Oliver Glasner really wants him.
🦅 #CPFC will also decide soon whether they will sign Ryan Sessegnon or not. pic.twitter.com/QDtUTP42XL
Emile Smith-Rowe Arsenal contract, transfer status
Smith-Rowe has seen his Arsenal career suffer an injury disrupted downturn in the last 12 months, and the 23-year-old made just three Premier League starts last season.
He remains highly rated by Mikel Arteta, but his development has stalled in comparison to fellow academy graduate Bukayo Saka, and a move away could revive his career.
With his current contract at the Emirates Stadium running until 2026, Arsenal could demand in the region of £20 million ($25m), as Glasner looks to add another creative influence to his attack.
Arsenal kickoff their preseason against Premier League rivals Bournemouth on July 24 before heading off on a summer tour of the USA.