Manchester City making their move for West Ham star Declan Rice could heavily impact Chelsea's pursuit of Moises Caicedo. football.london understands Pep Guardiola's side are preparing an opening bid for the Hammers' captain following Ilkay Gundogan's decision to not sign a new contract and instead join Barcelona on a free transfer.
The Gunners' main target is Rice, but a fresh threat from Man City could see the player change his stance and prioritise a move to Etihad Stadium. If that were to happen, with Mikel Arteta in desperate need of new midfielders, attention could turn swiftly back towards Caicedo.
Two bids were sent to Brighton by Arsenal for Caicedo in January with both turned down. Summer interest was initially there at Emirates Stadium, but focus was primarily on Rice which saw any chance of a double swoop dwindle. However, potentially losing out on Rice would give Arsenal more funds and an opportunity to snatch Caicedo from Chelsea.