Arsenal are expected to open talks with Marco Asensio’s agent this week.
The Real Madrid star has entered the final six months of his contract and is expected to leave this summer.
He has found it difficult to break into Ancelotti’s squad at the start of this season.
He has bagged two goals and three assists in 14 La Liga games this campaign for Los Blancos.
The 27-year-old is way behind the pecking order and started only five league games this season.
Asensio will be allowed to hold meetings with interested parties to sanction a free transfer at the end of this season.
The Spaniard is attracting a lot of interest from Premier League clubs and his entourage is expected to land in England sometime this week.
He is to wait a few months to see if Real Madrid hands him a contract renewal as his playing situation slowly improves.
Since his arrival from Mallorca in 2016, Asensio has scored 53 goals and made 29 assists in 261 matches in all competitions.
The 27-year-old attacker has won three Champions Leagues, three La Liga crowns, three Club World Cups, three UEFA Super Cups.
He is highly rated by Mikel Arteta and we are about to see whether a deal materialises this week.
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