According to a number of reliable sources, a formal bid has been lodged by Real Madrid for Gabriel Martinelli, the forward currently plying his trade at Arsenal. He has been the subject of heated transfer speculation over recent weeks, and this latest bid could signal a turning point in the transfer saga. Real Madrid are still pushing to finalise terms. However, Bayern Munich and Milan are still watching closely and may return with offers of their own. Real Madrid have been strong going forward this season, with 41 goals scored in 19 games (2.16 per game). Gabriel Martinelli would give them depth and keep that attacking firepower going all season. Arsenal continue to be linked with Igor Tyjon, Leon Goretzka and Bradley Barcola while Real Madrid are also rumoured to be tracking Nico Schlotterbeck, Kees Smit and Ryan Gravenberch. More on this story as it develops. Need more Real Madrid transfer rumours? Follow @PlayerSwitchCom on Twitter for up-to-the-minute news from Real Madrid.