Arsenal look favourites to acquire the services of Celta Vigo forward Nolito, according to reports.

The Spain international has been tipped to leave Celta in January with the likes of Arsenal, Chelsea and Barcelona vying for his services.

According to Spanish outlet Mundo Deportivo, the Gunners have stepped up their chase for the talented attacker and are willing to pay a fee of around £14m which is slightly above the player's release clause.

It is added that the FA Cup holders are ready to triple Nolito's wages in an attempt to lure him to the Emirates.

The 29-year-old has recently suggested that he could remain at Celta for second half of the campaign.