Arsenal manager Mikel Arteta (Picture: Getty)Arsenal will have to fork out a record Premier League transfer fee if they are to sign Real Madrid star Vinicius Junior, according to reports. Arsenal are yet to hold direct talks with Madrid, but appear well-placed to make a move for the 26-year-old should he fail to agree a contract extension with Real. If no agreement can be met, Vinicius could leave on a free transfer next summer, although Arsenal may look to pounce this summer to secure a blockbuster signing. That figure would eclipse the £125m that Liverpool paid Newcastle United last summer to sign Alexander Isak. Arrow MORE: Enzo Maresca makes Man City transfer claim amid Pedro Neto linksArrow MORE: Toby Alderweireld urges Arsenal to sign £130m star instead of Vinicius JuniorArrow MORE: Arsenal in ‘advanced talks’ to sell Ethan Nwaneri and set asking price