Arsenal remain interested in Alex Baena following his impressive start at Atletico Madrid, where the 25-year-old has delivered nine goal contributions in 14 appearances this season. The Gunners have monitored the winger since his Villarreal days and view him as a potential addition to strengthen their attacking depth. However, Atletico Madrid have made clear they will not sanction a January departure for their £45 million summer signing.

Baena's versatility appeals to Arsenal, as he can play across the front line as a left-sided forward, centrally, or as a makeshift number 9. This flexibility would provide tactical options for Mikel Arteta's squad, particularly given recent departures in that area of the pitch. The winger's contract with Atletico runs through 2030, giving the Spanish club significant leverage in any negotiation.

A move remains unlikely this winter, with sources indicating Atletico are unwilling to sell mid-season. Any potential transfer would be more realistic next summer and would require a fee significantly higher than his current valuation.