Tottenham were only willing to pay £35m for the Brazilian attacker, while Arsenal are prepared to pay £40m.
Manchester United manager Jose Mourinho says he is "relaxed" over attempts to sign Alexis Sanchez from Arsenal and admits Henrikh Mkhitaryan could leave the club this month.
Riyad Mahrez will not be leaving Leicester City despite being linked with Arsenal and Liverpool, according to manager Claude Puel.
Bordeaux manager Jocelyn Gourvennec says Malcom will be replaced if Arsenal manage to strike a deal for the Brazilian this month.
Sam Allardyce sees Theo Walcott playing "anywhere across the front three" at Everton if the club manage to beat Southampton to a deal for the Arsenal forward.
Ernesto Valverde could guide Barca to an unbeaten La Liga season after ending the first half of the campaign streets ahead.
Manchester United manager Jose Mourinho says Anthony Martial is "not ready" for Stoke match but hopes he can play after injury sustained at Dubai training camp.
Alexis Sanchez, 29, is on the brink of leaving Arsenal after he was left out of the club's 2-1 defeat at Bournemouth on Sunday, 14 January.
Liverpool boss Jurgen Klopp reportedly believes the France international is overpriced at £90m and has turned his attention to other targets.
Manchester United's reported deal for Alexis Sanchez could result in Arsenal completing a triple deal for Henrikh Mkhitaryan, Malcom and Pierre-Emerick Aubameyang.
Armenia international Mkhitaryan, 28, has also been linked with moves to Inter Milan and former club Borussia Dortmund.
Arsene Wenger expects a decision over Alexis Sanchez's future to be made this week amid links with Liverpool and Manchester United.
An Alexis Sanchez-less Gunners remain without a win in 2018 as their Champions League challenges falters again.
Manchester City are on the ascendancy and are more likely to win trophies than United as the power has shifted in Manchester.
Both Mesut Ozil and Alexis Sanchez are in the final six months of their respective contracts at the Emirates Stadium.
Arsenal are closing in on a deal for Bordeaux's Malcom which could be a major boost for Manchester United in their pursuit of Alexis Sanchez.
Liverpool and Arsenal are braced to go head-to-head to sign Riyad Mahrez, who would prefer a move to The Emirates over Anfield.
Theo Walcott has not started in the Premier League for Arsenal this season. He has been forced to settle for a place on the bench.
Wenger signed a two year deal after the end of the 2016/17 season, which would see him stay at the club until 2019 at the very least.
Arsene Wenger is losing support both in the Arsenal boardroom and in the stands and his exit from north London is growing increasingly inevitable.
Manchester United have expressed interest in signing both of Arsenal's contract rebels Mesut Ozil and Alexis Sanchez.
Alexis Sanchez was heavily linked with a move to Manchester City since last summer. The latter's local rivals Manchester United have now joined the race for his signature.