Atletico Madrid have reportedly joined Arsenal in the race for Ajax defender Nicolas Tagliafico.

Tagliafico has contributed five goals and five assists in 31 appearances for Ajax this term.

The 26-year-old only arrived in Amsterdam from Independiente in January 2018, but his form has captured the attention of a number of clubs, with Arsenal said to be preparing a move.

However, according to the Daily Mail, the Gunners will face strong competition from La Liga giants Atletico for a player who could be available for as little as £8m.

Meanwhile, according to Tagliafico's agent, Ricardo Schlieper, Real Madrid are considering a summer swoop for the 12-time Argentina international.

Arsenal are expected to move for at least one new defender this summer as head coach Unai Emery looks to make his mark in the transfer market following a frustrating winter window.