Napoli are ready to sell Chilean international Eduardo Vargas and Spanish side Valencia seem to be first in line for his signature.
Vargas impressed at the World Cup, but he hasn't won over Napoli boss Rafa Benitez, who is happy to let him find a new club.
The 24-year-old spent the second half of last season at Valencia after failing to displace Gonzalo Higuain and Jose Callejon and he may be returning to the Mestalla on a permanent basis.
Despite reports that Arsenal are eyeing Vargas on the recommendation of compatriot Alexis Sanchez, who joined the Gunners this summer, the Italian press believe the Santiago native is headed for Spain.
While Valencia are said to be willing to enter talks soon, Arsenal don't appear to have made any approach at all.
Arsene Wenger has stated that he has enough offensive options and it seems that he may be happy to let Vargas find employment elsewhere.