The 20-year-old can play on both wings or behind the forward and has made a decent start to the season with 7 goals in 18 league appearances for the Ligue 1 club.
Arsenal are evaluating their options as Manchester City continue their pursuit for Alexis Sanchez. The 'Daily Mail' report that the North London club would have to make an offer in the region of £45m to tempt the 'Navy-and-Whites', which could instigate a bidding war with rival teams. Tottenham have expressed strong interest in Malcom, while United have followed the player since last year.
Malcom isn't the only attacking option the Gunners could go for, Monaco's Thomas Lemar and Boca Juniors' Cristian Pavon have also reportedly been discussed with their valuations at a premium during the January transfer window.