Arsenal are reportedly set to renew their interest in Brighton & Hove Albion midfielder Moises Caicedo this summer.
The Ecuador international was the subject of two bids from the Gunners during the January transfer window.
Arsenal saw their offers of £60m and £70m rejected by Brighton, who told Caicedo to not return to training until the window had shut due to the uncertainty surrounding his future.
The player himself released a statement to express his desire to leave Brighton and complete a transfer to Mikel Arteta's side.
Caicedo ultimately remained with the South-coast club and signed a new contract until 2027 with the option of a further 12 months.
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Despite signing a new long-term deal, Caicedo is still open to a summer departure and Brighton are bracing themselves for further offers.
According to Football Insider, Arsenal are still keeping tabs on Caicedo as they weigh up whether to make a summer move.
The Gunners are keen to strengthen their midfield ahead of the 2023-24 campaign, and West Ham United's Declan Rice is said to be one of their top targets, but it appears that Caicedo remains under consideration.
Should they decide to submit a fresh bid for the 21-year-old, Arsenal could face competition from the likes of Chelsea, Liverpool and Manchester United.
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Real Madrid have also been linked with Caicedo, who has previously stated that it is his dream to play for the reigning European champions.
However, there is a belief that Caicedo does not currently feature on Real Madrid's list of transfer targets for the upcoming transfer window.
Caicedo has been a key part of a Brighton team that are looking to qualify for European competition, having started 28 of their 31 Premier League games this term, chipping in with one goal and one assist.
In total, Caicedo has scored two goals and contributed three assists in 46 games for Brighton across all competitions.