Arsenal are keen on bringing Sergi Samper to the Emirates Stadium from Barcelona this summer and have reportedly lodged an £8.5m bid for the 20-year-old Spaniard.
However, the Gunners face competition from Porto who want to take him on loan.
Wenger had planned to spend big this summer on a holding midfielder but the emergence of Francis Coquelin last season means he can buy a raw talent rather than a finished product.
Meanwhile, relegation of Barca B team to the third tier of Spanish football last season has offered Wenger fresh hopes of signing Samper.
The youngster believes staying in the club’s second string will mean a waste of time and potential and he has had his chances in Luis Enrique’s senior team monopolised by Sergi Busquets.