Arsenal have made a €70million (£62m) offer for Shakhtar Donetsk star and long-time transfer target Mykhaylo Mudryk, according to Fabrizio Romano.

The Lowdown: Mudryk Arsenal's main target

The 22-year-old has been the Gunners' primary transfer target in recent weeks, as they look the get a deal over the line during the January transfer window.

Chelsea have also emerged as potential contenders to sign Mudryk but Arsenal have felt like the front-runners and the player himself seemingly wants to move to north London.

Now, another key update has emerged, as Arteta looks to seal a significant piece of business.

The Latest: Big-money offer made

Writing on Twitter on Thursday night, Romano claimed that Arsenal have submitted a roughly €70million (£62m) for Mudryk, with 'negotiations ongoing':

"EXCL: Arsenal new official proposal for Mykhaylo Mudryk is close to €70m fee plus add-ons, submitted tonight as revealed earlier.

"Negotiations ongoing with Shakhtar Donetsk to discuss on the add-ons package. No issues on personal terms, Mudryk wants the move."

Not only that, but the Ukrainian posted on Instagram with a praying emoji, further suggesting that he hopes the bid is accepted.

The Verdict: Matter of time?

It does feel like a matter of time until Shakhtar eventually cave in to Arsenal, with Mudryk clearly so keen on joining an exciting revolution under Arteta.

The forward looks like a special prospect with a massive future, having been tipped to be a future Ballon d'Or winner by current Brighton manager Roberto De Zerbi.

Mudryk registered five goal contributions (three goals and two assists) in six games in this Champions League group stage and he could be an exceptional signing by Arsenal, dovetailing to perfection with the likes of Martin Odegaard, Bukayo Sako and Gabriel Martinelli, operating predominantly as a left-sided attacker this season.

If Mudryk comes in, it could even be that Arteta uses Martinelli down the middle in place of Eddie Nketiah, despite the latter's good recent form, in order to fit their new signing into the team.