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Arsenal are monitoring 21-year-old striker Gustavo Varela from Monza, who has also attracted interest from Napoli. Benfica, his former club, is keeping an eye on him and has a right of first refusal as well as 20% of any future profits from his sale.

Arsenal are reportedly keeping tabs on Gustavo Varela, the 21-year-old striker currently plying his trade at Monza. After a strong start to the Serie A season, Varela has attracted interest from multiple teams, including Napoli and his former side Benfica.

Monza signed the forward for €3.5 million from Benfica B last summer, and since making the move, he has continued to impress and develop his game, raising his profile among potential suitors.

While Arsenal are monitoring Varela's progress as they weigh up options to bolster their attacking options, no official bids have been confirmed from the North London club as of yet.

Napoli are also in the mix, ready to pose a challenge as the race for the young talent heats up. Meanwhile, Benfica, who developed Varela during his formative years, are keeping a close eye on his progress and are considering a possible return.

This transfer situation is complicated by two key clauses in the agreement between the clubs: Benfica will receive 20% of any profit Monza makes from a future sale, and they also hold a right of first refusal, allowing them to match any competing offers.

These conditions could significantly influence how the transfer saga unfolds if Arsenal or Napoli decide to make their interest concrete. Varela is under contract with Monza until 2030, and his current market value is estimated at €5 million according to Transfermarkt.