Arsenal are seeking two midfield additions this summer.
The Daily Mail says manager Mikel Arteta is looking for an experienced playmaker to operate alongside Thomas Partey.
According to reports Arsenal have identified £35m-rated Ruben Neves as their primary target for the role.
As Wolves are said to be open to selling their star man, Arsenal chief Edu has been in contact with the player's agent Jorge Mendes to discuss a deal.
Edu is also interested in acquiring a new No 10 after watching Martin Odegaard impress during his loan spell with Arsenal last season.
As a result, Arsenal are reportedly 'ready to pounce' on the opportunity to sign Odegaard permanently if he becomes available from Real Madrid this summer.