Leeds United have informed Arsenal to increase their offer for Raphinha if they want to sign the Brazilian winger.
The Gunners are one of the teams who have the strongest interest in Raphinha, including Tottenham and Barcelona.
According to the Evening Standard, Arsenal did have a bid rejected for the winger recently.
Leeds have informed the North London club that in order to secure Raphinha, they must offer a fee in the region of £60 million.
The 25-year-old is most keen on a move to Barca, but they would also struggle to make an offer that get close to Leeds' asking price.
Arsenal are also working hard on a deal to secure Gabriel Jesus from Manchester City.
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