Sky Italy journalist Gianluca Di Marzio has claimed on his official website that Inter Milan have made a bid worth £35.4million to sign long-term Tottenham Hotspur target Malcom this summer.
Tottenham and Mauricio Pochettino have long been linked with a move for the 21-year-old, who starred for Ligue 1 side Bordeaux last summer - scoring 12 goals and creating another eight strikes during his 38 league and cup outings.
Football London reported last month that Spurs were set to reignite their interest in the two-time Brazil Under-23 international, after failing to lure Malcom to north London in the January transfer window.
But it now appears that Inter have stolen a march on Spurs, by tabling a loan-to-buy offer that would see Bordeaux receive a loan fee of £8.8million, with an obligation to buy Malcom for £26.6million at the end of the loan.
With Financial Fairplay becoming a concern at most clubs, Bordeaux want to strike a deal that would see Malcom join Inter in a similar deal to the one that saw PSG land Kylian Mbappe - a deal which became permanent this summer.
Spurs must now act quickly if they are indeed intent on luring the Brazilian wonderkid to north London, with Inter tabling an offer that could be accepted by the French outfit.