Aston Villa are considering a third offer of £25m from Arsenal for midfielder Douglas Luiz.
Sky Sports News had been told that four clubs – Atletico Madrid, Chelsea, Arsenal and Liverpool – were interested in signing Luiz ahead of the transfer deadline
Arsenal also saw bids of £20m and £23m rejected by Villa earlier on Thursday.
Aston Villa were previously not prepared to sell Luiz to Arsenal, but it is thought their position may change now they have signed Leander Dendoncker from Wolves.
However, Sky Sports have been told time is running out to do a deal.
Arsenal head coach Mikel Arteta wants the player and has worked with him at Manchester City. Luiz – who is out of contract next summer – would like to play for a club in the Champions League.