The Gunners are bracing themselves for an offer for Alexis Sanchez from Manchester City this month and if the Chile star does depart, Malcom could be brought in as his replacement.
Arsene Wenger is believed to have targeted the 20-year-old, who has put Europe’s top clubs on alert this season with seven goals and four assists to his name, and a bid in the region of £35million has been mentioned.
Reports say there is a meeting scheduled between Arsenal officials and Malcom’s representatives before the weekend as they try and set up a deal to bring the forward to the Emirates.
Bordeaux are likely to want at least £50million for their star man, however, and the difference in valuation could be a big stumbling block to any potential January deal, while the likes of Manchester United and Borussia Dortmund have also been looking at the youngster.
Hibernian head coach Neil Lennon claimed referee John Beaton failed to protect his players from 'disgraceful' challenges during a 1-1 draw with St Johnstone.
St Johnstone manager Tommy Wright has accused Neil McCann of deflection tactics as he denied reporting the Dundee boss to the Scottish Football Association.