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Arsenal Transfer News: Latest Rumours on Malcom and Steven N'Zonzi

Arsenal have reportedly entered the race to sign Bordeaux winger Malcom, but they face competition from Manchester United and Tottenham Hotspur.

According to Brazilian outlet Ora Bolas (h/t Goal's Bruno Andrade, via the Daily Star's Owen Fulda), the Gunners approached Bordeaux before Christmas regarding the player, for whom the French club want £44 million.

The Gunners want to replace Alexis Sanchez, who has just six months left on his current deal at the Emirates Stadium, and it's said Malcom will be allowed to leave in the summer as part of a gentleman's agreement with his club.