Arsenal have also shown firm interest in signing Wolves and Brazil forward Matheus Cunha, 25, in the January transfer window. (Fichajes, external) Want more transfer stories? Read Wednesday's full gossip column Follow the gossip column on BBC Sport Champions League reaction: Liverpool through with win;

Arsenal want to sign Wolverhampton Wanderers forward Matheus Cunha, but how would Mikel Arteta line up if the Brazilian joins the club?

Matheus Cunha was previously spotted mingling with Arsenal fans outside the Emirates Stadium as speculation over his future at Wolves continues to grow. The striker has been linked with a January move away from Molineux and is said to be admired by the Gunners, who have been tipped to strengthen their forward line before the window closes.

Wolves manager Vitor Pereira has admitted to concerns over Matheus Cunha amid ongoing speculation over the player's future and transfer links with Arsenal. Cunha returned from suspension to face Chelsea on Monday night but struggled to assert himself during a 3-1 win for Chelsea.

Is Wolves striker Matheus Cunha the answer to Arsenal's goal-scoring woes? Transfer Talk has the latest news, gossip and rumors.

Arsenal have been joined by Chelsea and two other Premier League clubs in the race to sign Matheus Cunha before the January transfer window closes. The Brazil international forward has scored 10 goals this season having scored 14 in all competitions in his debut campaign following a £44million move from Atletico Madrid.

Latest Arsenal transfer news with Wolves and head coach Vitor Pereira in a challenging position that could impact Matheus Cunha

FootballTransfers understands that personal terms are not an issue in Arsenal's pursuit of Matheus Cunha. The Gunners are scouring the striker market for potential January opportunities and the versatile Wolves forward is one of the names under serious consideration.