Arsenal have been linked with a move for Fiorentina goalkeeper Neto.
The Brazilian plans to leave the Serie A club when his contract ends this summer, but the Gunners could try to force the issue this month, The Mirror reports.
Arsenal boss Arsene Wenger is said to be on the lookout for a new goalkeeper to challenge Wojciech Szczesny for first-team football.
Wenger has also been tipped to lodge a bid for Chelsea stopper Petr Cech, who has fallen behind Thibaut Courtois in the Stamford Bridge pecking order.
