Arsenal have entered the transfer deadline day battle for signature of Radamel Falcao. Man City and Juventus are the other interested clubs.

Arsenal are in market for a striker after the injury of Olivier Giroud but the task ahead of them is quite difficult as the likes of Juventus and Manchester City are also vying for the signature of the Colombian. It seems that Real Madrid are out of the race as they have a deal in place for Manchester United’s Javier Hernandez.

Reports coming from England have confirmed the entry of Arsenal in chase of Falcao. The Guardian report claims that: “Manchester City and Arsenal have been offered Monaco’s Radamel Falcao for around £55m (€70m) and are battling to sign the Colombia international before the transfer window closes at 11pm on Monday night. A deal at that price would smash the clubs’ transfer record.”

Arsenal were forced to sign a striker when Olivier Giroud injured his ankle in a game against Everton. Arsenal fans pleaded Arsene Wenger to sign a forward during Sunday’s 1-1 draw at Leicester City in which the inexperienced Yaya Sanogo led the line without any success. The Gunners are expected to sale Lukas Podolski if they become successful in the pursuit of Falcao.

The main rivals of Arsenal in their chase of Falcao are Juventus and Manchester City.

Italian champions Juventus are in the market for a top class striker to partner Carlos Tevez and new boss Messimiliano Allegri has asked Beppe Moratta to go for Falcao. Juventus are only interested in a loan deal for the player though, as the club does not have the financial strength to match the asking price of AS Monaco. The Old Lady are ready to offload Fernando Llorente, another Arsenal target, if they become successful in signing Falcao.

Manchester City entered the battle to sign Falcao last week but they do not have the funds available to sign expensive player like Falcao. UEFA has also already fined City for not adhering to the rule of Financial Fair Play and they only have 24 million pounds available at the moment, a figure far away from the asking price of Monaco. It is being reported that Man City are willing to sale Alvaro Negredo, Micah Richards, Matija Nastasic and Scott Sinclair in order to free some funds.

Meanwhile, Monaco authorities are in constant touch with Real Madrid management and are trying to persuade them to make a move for the player but reports coming from Spain have claimed that Los Blancos have decided to go for Chicharito instead.

Arsenal pulled off a sensational coup on deadline day a year ago by signing Mesut Özil from Madrid for 50 million euros and fans are hoping for a similar surprise this time around.