Arsenal forward Pierre-Emerick Aubameyang has reportedly emerged as a transfer target for Barcelona and Real Madrid.

While the 30-year-old is regarded as a key man at the Emirates Stadium, he has just over 18 months remaining on his contract with the Gunners.

With Arsenal well off the pace in the Premier League, it has been claimed that the Gabon international has no intention of penning a new deal.

According to the Daily Star, that development has resulted in the two La Liga giants monitoring the situation with the striker.

Both clubs are in the market for fresh faces in attack, and the opportunity to sign Aubameyang for a fee below his true valuation may prove too good to turn down.

Arsenal are unlikely to risk losing Aubameyang for nothing in 2021, meaning that a sale could happen next summer.