Arsenal could face a potential transfer blow with Real Madrid entering the race to sign Fiorentina striker Dusan Vlahovic.
The Serbian has been heavily linked with the Gunners in recent weeks, but they have yet to negotiate his transfer.
The north London giants are willing to meet the reported £62m price tag, but are not in a position to pay the fee up front.
Hence, the Serie A outfit could decide to keep their striker until the summer, and this could attract high-profile interest.
According to AS, Real Madrid are also keeping tabs on the marksman and could make an attempt to land his services.
However, there are no assurances that Haaland will choose them this summer amid strong interest from Manchester City.
Vlahovic is the alternative option for Los Blancos. The Gunners could miss out on the striker if they fail to sign him this month.