Arsenal have tabled a bid of £750,000 plus add-ons for highly-rated Bolton Wanderers defender Rob Holding, Goal understands.
The Gunners have scouted 20-year-old Holding for several months and are one of several Premier League clubs, including Everton and Bournemouth, to show interest in the player.
Holding was left out of Wanderers squad at Fulham last weekend to protect him from injury and sources at the Macron Stadium remain convinced he is being primed for a move to the English top-flight this summer.
Earlier reports had claimed Arsenal started off bidding at £2million rising to £5million at the end of last week, but Goal understands that the original offer stands at much less - a figure in the region of £750,000.
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Despite their relegation to League One, Bolton are still hopeful of selling their Player of the Season for a seven-figure sum at the very minimum.
Chief transfer fixer Dick Law has already begun his work at Arsenal's London Colney training ground ahead of what is expected to be a busy summer of transfers.
The Gunners are also looking to bring a striker to Emirates Stadium following the news that Danny Welbeck has been ruled out for nine months with a knee injury.