The Gunners will open the bidding for the striker in January and a deal is expected to be struck for about £12million.

Zaha, 20, is a massive Gunners fan, and has told friends the Emirates is where he wants to go. He made his England debut in November and is being chased by a host of clubs, with Manchester City prepared to offer around £15m, including £12m up front, and allow him to remain at Selhurst Park on loan for the rest of the season.

Manchester United and Liverpool also want the player rated as the most exciting young prospect in the country.

Palace are aware of Arsenal’s intense interest. The club placed a £20m price tag on Zaha but that is believed to be a negotiable figure. Express Sport understands that initial informal talks have already been held.