Arsenal has joined Liverpool and other EPL clubs in the race to sign Spanish wonderkid Daniel Parejo.

The 18-year-old rising star has caught the attention of Arsenal, Manchester United, Liverpool and Chelsea and is already considered the best young player at his club, Real Madrid.

But the News of the World claims Arsenal boss Wenger is ahead in the race to sign the £10m midfielder to add to his galaxy of world class youngsters.

But Real chiefs will not let the Arsenal boss get him cheap, nailing him to a deal until 2011.