Arsenal leading the chase for Sporting Lisbon star in January.

The Gunners could be set to raise more than a few eyebrows this month with the signing of much-coveted Sporting Lisbon midfielder William Carvalho, according to the latest report from English media.

The north London club have emerged as the favorites to sign the £25m-rated Portugal international, who could yet spark a bidding war after declaring his intentions to move to the Premier League in the near future.

Speaking to media in Portugal, Carvalho said his dream is to play in England. Cavani added that he know some clubs are interested but his agent Jorge is looking after it.

Ladbrokes have priced Arsenal as the 6/4 favorites to land the player this January with Manchester United back at 4/1 with the bookmaker. While, the Reds are priced at 5/1 to land the Portuguese star along with Jose Mourinho looks increasingly unlikely to launch a bid for the player with Chelsea out at 8/1.

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Now the real story remains Arsenal’s seeming willingness to spend big this month, something that goes against the ethos instilled at the club in previous seasons.

“The betting suggests Arsene Wenger may break the habit of a lifetime by bringing a world-class star to the Emirates in January, rather than a stop-gap like Kim Kallstrom.” said a spokesperson of Ladbrokes.

On other side, the Serie A giants Juventus round-off the betting with the Bianconeri back at 12/1 to land Carvalho in the wake of his recent comments.