However, Arsenal's efforts to sign Gyokeres have been met with resistance from Sporting, who are demanding a significant transfer fee. Despite not insisting on the €100m buyout clause, Sporting are unwilling to sell Gyokeres for less than €80m. This has led to Arsenal revisiting their interest in Watkins.

It is understood that Villa will likely demand a substantial transfer fee to sell Watkins, with reports suggesting a figure of around £80m. This could potentially make Watkins a costly acquisition for Arsenal, but the club may still be willing to pursue the signing if they feel it will strengthen their squad.

The development is a significant one for Arsenal, who are keen to add depth and quality to their attacking lineup. Watkins has been in excellent form for Villa and has established himself as one of the top strikers in the Premier League.

As Arsenal weigh up their options, it remains to be seen whether they will be able to secure a deal for Watkins or whether they will focus on other transfer targets. One thing is certain, however, is that the Gunners are eager to strengthen their squad and make a significant impact in the upcoming season.