Arsenal will reportedly have to pay Real Madrid €90million (£77m) if they want to complete a deal for Rodrygo this summer.
The Brazilian winger appeared destined to leave the Bernabeu after telling Madrid that he never wanted to play for them again before choosing not to play in El Clasico against Barcelona in May.
The 24-year-old felt that he was in the shadow of superstar team-mates Kylian Mbappe, Vinicius Jr and Jude Bellingham and saw his role depleted towards the end of the season, as he frequently was left on the bench under Carlo Ancelotti.