The Gunners have been tipped to sign a new striker and they have been linked with a number of high-profile names.

However, the club are also monitoring upcoming talents and they are understood to value Ferguson very highly.

The 20-year-old has played less than 400 minutes of first-team football this term amid competition as well as injuries.

Ferguson is prepared to pursue a new challenge to revive his career and Arsenal are monitoring his situation closely.

West Ham United and Fulham are also admirers of the young marksman, but Arsenal could have an upper hand in the race.

The Gunners would guarantee Ferguson the opportunity to play in the Champions League if he can make good progress.

Ferguson was once valued in the region of £100m, but he could be available for as little as £25m by the end of the campaign.

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