[See update at bottom]
According to the Italian site RaiSport Arsenal are interested in signing Napoli forward Edu Vargas, a player who has been linked with a move to Sao Paulo.
The Chilean footballer, who has been with Napoli since January 2012 and who arrived there for a fee reported to be around £11.5m, was wanted on loan by Sao Paulo but the Italian side are said to only want to sell the player.
No reason is given as to why they would be seeking to offload him so soon after buying him nor is there any information which would back up their claim that Arsenal are looking at acquiring his services in the summer.
The 23 year old is under contract with Napoli until 2015 and has made nine appearances in Serie A for the club this season, all of which have come from the bench which might go some way to explaining why the player might not be happy with his current situation. He has registered one assist in the league but has three goals in six Europa League appearances.
Also able to play on the right wing, it is impossible to tell from the report if Arsenal are genuinely interested in the player but if they are the report still claims that Sao Paulo are favourites to land the player.
[update - I've just been informed that this rumour, which has been picked up by the Italian media, started life on Twitter, created by @TangleFootball who was attempting to prove a point. So, I guess we can put this one to bed for good. Thanks to @KoscZeBoss for the heads up on this and it just goes to show how little the media need before they run a story. As we said above, there was little to back up the claims being made by RaiSport and it seems we were right. For those who aren't clear what we do on this site - we do stuff like this - trying to sort the bull which is printed in the media from the stuff that might actually be true. It won't be long until this story makes its way in to the British media and now you know where it came from.]