Arsenal have been offered Barcelona's Malcom - but are unwilling to move as they focus on Wilfried Zaha.
Brazilian Malcom only moved to Spain last summer, having been linked with switches from Bordeaux to both the Gunners and north London rivals Tottenham .
The winger has looked set to join Roma and travelled to the Italian capital to put the final touches on a switch to the Stadio Olimpico - only to pull out at the last moment when a surprise big-money offer from Catalunya arrived.
However, following his shock £37million move he struggled to nail down a starting spot at Camp Nou - making just six league starts last term.
Now the 22-year-old is being offered around by the Spanish champions as they look to raise funds for both Neymar and Antoine Griezmann.
Reports in Spain claim that the Gunners have made an offer to take Malcom on loan for the season, with an option to purchase permanently next summer.
But, Mirror Sport understands that it is Barcelona who made the initial move, contacting Arsenal to see if they would be interested in a deal.
However, they are currently unwilling to move as they look to prise Zaha from Crystal Palace .
Gunners chiefs are keen to land the Ivory Coast star and made a first approach of £40million - while Zaha's brother publicly declared that he wants to move to the Emirates.
However, both actions have stiffened Palace's resolve to keep their main man, with club chiefs furious because they believe Arsenal have deliberately set out to unsettle Zaha and try to get him to force through a move.
Palace are under no pressure to sell Zaha and value him in excess of £80million, while Manchester United will be due 25 per cent of any profit from the £6million deal which took him back to Selhurst Park in 2015.
But, at present, he remains Arsenal's No.1 attacking target.
The Gunners are also facing a battle to land Celtic's Kieran Tierney, with Napoli having made a better offer to the Scottish champions.
