The Gunners flirted with the idea of signing Spain legend Iker Casillas in the summer, after the Real Madrid man fell behind Diego Lopez in the pecking order last season.
But a formal bid was never made, as the footballing world expected new Los Blancos boss Carlo Ancelotti to reinstate the 150-times capped Spain international as his No.1.
The former Chelsea manager hasn’t stuck to the script however, and the 32 year-old has begun the season as a benchwarmer, leading to a wealth of tabloid speculation.
Barcelona have dismissed they’d take on the Real Madrid legend as a replacement for Victor Valdez, citing the intense rivalry between the Spanish outfits, paving the way for a Premier League club to make an audacious bid for the five-time La Liga winner.
Some would argue the North Londoners are too low on the Champions League food chain for the 32 year-old, but he’ll be desperate to secure regular football ahead of the 2014 World Cup.
How much Real Madrid value one of their most iconic players at remains unclear.