Rayo Vallecano have emerged as late favourites to sign Arsenal and Tottenham target Ciprian Marica.

The Premier League pair have both tracked the Romania striker who is currently a free agent.

Arsenal were close to a deal in the transfer window but ended up cooling their interest while Spurs are the latest side to become keen.

Marica 27 left Schalke at the end of last season and is able to sign terms outside the transfer window.

But although there is interest from England Rayo are now in the running and could clinch a deal this week