Several Spanish publications have reported that Champions League winners Real Madrid could beat Arsenal to the Signature of Jose Gimenez.
The 23 year old Atletico defender has a £53 million release clause which Madrid are willing to activate.
Arsenal scouts have been monitoring the Uruguay international for some time now and the club was expected to make a formal bid this summer. Coach Unai Emery is looking to bolster his defense following the retirement of Per Mertesacker.
But they may have to look elsewhere or offer the player a better deal than what Zinedine Zidan will table