Yannick Carrasco is emerging as an 11th-hour alternative to Ivan Perisic as Arsenal look to complete two loan signings before Thursday’s transfer deadline.

Denis Suarez is due in London on Wednesday to undergo a medical and finalise personal terms over a temporary switch from Barcelona after the two clubs agreed a loan fee in the region of £2.1m.

It is believed the deal will include an option to make the transfer permanent this summer for a fee around £20m.

Gunners head coach Unai Emery admitted on Monday that he is looking to bring in another new face and that was expected to be Ivan Perisic from Inter Milan.

Perisic is keen on moving to the Premier League and handed in a transfer request in an effort to push through an agreement but Inter are so far holding firm on demanding a permanent fee this month of around £35m.

The Gunners want an initial loan with an option to buy and with both sides refusing to compromise, other options are now being considered - which includes Carrasco.

The 25-year-old is currently at Chinese side Dalian Yifang. His availability was made known to Arsenal earlier in the window but they opted to pursue other targets.

However, with a deal for Perisic proving to be difficult and talks over a move for Christopher Nkunku from Paris Saint-Germain looking to have stalled, Carrasco has remerged as a viable option and Arsenal were this morning actively pursuing an agreement

Negotiations over Carrasco have followed a familiar pattern for Arsenal this month - Dalian Yifang want £35m but the Gunners are keen on a loan option with a view to a permanent deal in the summer.

Carrasco is said to be keen on leaving China but, ironically, Perisic may prove the key to any deal as the Chinese club want a replacement and the 29-year-old is viewed as a possible target.

Emery is an admirer of Carrasco, a Belgium international who joined the Chinese Super League in February last year with reports at the time suggesting the former Atletico Madrid star would earn £8.8m-a-year in wages.

That salary could prove to be a potential stumbling block given Arsenal’s bloated wage bill but it remains to be seen whether Dalian Yifang are willing to subsidise his pay packet in order to help ensure he moves to Emirates Stadium.

On Nkunku, the player’s agent, Jose Pierre Fanfan told French television station Canal+: “There is a real interest from Arsenal for Nkunku, but the discussions are quite complicated. There are restrictions from Arsenal’s side, they cannot do a transfer in the middle of the season.

“It is still being discussed with PSG, things could still happen in the next 48 hours but the fact that I am here [on television] means that it does not look good.

“His situation will be evaluated in June, then he will have just one year left on his contract. He is a young boy, who needs to play, enjoy himself, and to sign up for a project for the long term, that is what he is looking for, and he was in that phase with Arsenal but it looks complicated. If we have to wait, then he is ready to do that, he will wait.”