Multiple media outlets claim Arsenal are looking increasingly likely to sign Borussia Dortmund midfielder and Armenian National Team captain Henrikh Mkhitaryan.

According to Italian media sources, the north Londoners will pay around $32 million for the Bundesliga sensation. They’re also set to offer him an annual salary of £5m ($7,5 million), which works at £96,000-a-week.

Chelsea and Juventus have also been linked with the attacking ace, Daily Star says.

The midfielder has enjoyed a phenomenal season, scoring 23 goals and creating a further 30 in 49 appearances.

He is about to enter the final 12 months of his current Dortmund deal and appears no closer to a new deal.

When asked by German newspaper Bild if he is about to pen fresh terms, Mkhitaryan said: "I do not know yet."