Arsenal are exploring the prospect of a double Brazilian deal this summer.
Don Balon says Brazil internationals Danilo and Hulk are both interesting the Gunners.
Real Madrid fullback Danilo has been put up for sale at a price of €20 million, with Arsenal and Inter having registered their interest in the past week.
Shanghai SIPG striker Hulk, meanwhile, has declared he wants to return to Europe this summer - and is eager for a move to the Premier League.
Just last week, he revealed: "It's always been a dream, it's a very competitive championship and the stadiums are full in every game, no matter what the team, I always follow the league and I have always supported Arsenal.
“[I'm a fan of] Wenger's way of playing, but unfortunately he has not won trophies in recent years."