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Arsenal reportedly intend to revive their interest in Bordeaux attacker Malcom at the end of the season after missing out on him in the January window.
Ligue 1 side Bordeaux, now under the management of Gus Poyet, refused to conduct business with Premier League clubs amid growing interest in the Brazilian last month.
The Gunners instead focused their attention elsewhere as they raced to bring Henrikh Mkhitaryan and Pierre-Emerick Aubameyang to the club, adding to the earlier arrival of Konstantinos Mavropanos.
According to the London Evening Standard, however, Arsenal will further strengthen in attack later this year by revisiting their interest in Malcom, who is also high on the list of targets for Tottenham Hotspur.
Malcom, yet to be capped at senior international level by Brazil, is said to be valued at £45m by Bordeaux.