UEFA Champions League record winners, Real Madrid, are interested in signing Arsenal striker Gabriel Martinelli.
Daily Mail reports that the Los Blanco value the 18-year-old Brazilian at around £50m.
However, the Gunners are reportedly working to offer Gabriel Martinelli an improved deal.
The striker, who was purchased from Ituano last summer, has made a huge impact since his £6.3million move.
Martinelli has scored 10 goals in 21 games for the Gunners this season.
He became the first Arsenal teenager to hit that mark since Nicholas Anelka in 1998/99 season.
The Gunners will reward the Brazilian with a pay rise from £10,000 a week to around £30,000, despite his current deal running through 2024.
Martinelli was rejected by Barcelona and Manchester United before signing for Arsenal.