Arsenal have increased their offer for Borussia Dortmund striker, Pierre-Emerick Aubameyang, to £50.9million.
The Gunners are also willing to include Olivier Giroud as part of the deal.
All parties want the respective moves, including Giroud to Dortmund, but must still agree the final fees.
Arsenal have already had a £43million bid rejected by the Bundesliga side, but have now returned with an offer much closer to Dortmund’s valuation of £53m.
The Premier League club remains confident of sealing a deal by the end of this week.
Giroud has fallen down the pecking order under Arsene Wenger and is keen to seal a move this month, in order to improve his chances of playing at the World Cup later this year.