As Arseblog News reported previously, Arsenal are close to agreeing a formal tie-up with Real Betis.
With Joel Campbell currently on loan there, and the La Liga club keen to keep him for another season, discussions have taken place between the two clubs about a more authoritative partnership.
This would see the Andalusian club get a pick of promising Arsenal youngsters to take on loan, with names like Serge Gnabry and Tomas Eisfeld mentioned as possible candidates.
As well as that, Arsenal would like a bit of ying to the yang, and reports in Spain suggest that as part of the deal, the Gunners want a first option clause for exciting youngster Álvaro Vadillo.
The left winger has recently come back from a cruciate ligament injury but has made 11 appearances this season. Last year, he became the second youngest player to ever make a debut in La Liga aged 16 years, 11 months.
Vadillo has a contract until 2016, with a €20m buy-out clause, and while a deal is in no way imminent, Arsenal will be monitoring his progress closely.