The Gunners are understood to be keen on Dynamo Kiev's ace winger. A £14.5million offer was reportedly being prepared as Arsenal sought to land a big-name player ahead of Tuesday's deadline.

But German newspaper Bild now claim Dortmund are ready to capture the Ukraine international. According to the report, Dortmund believe they can sign Yarmolenko for a cut-price £8.7m fee as Kiev seek to sell.

Germany's transfer window closes at 11.59pm tomorrow, rather than the Premier League's 6pm deadline on Tuesday. Yarmolenko, whose contract expires this summer, would be able to discuss a free transfer to another club come January. But Dortmund are keen to secure the player now as new manager Thomas Tuchel seeks to challenge for Champions League places in the Bundesliga.

GETTY Dynamo Kiev are set to sell Andriy Yarmolenko before the transfer deadline