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The 21-year-old has been impressive in Spain, scoring four goals in 13 La Liga games this term.
Per Super Deporte, the 21-year-old could be in line for a move to the Premier League very soon.
Arsenal are ready to put in a bid for him as early as January to steal a march on other teams.
However, Moleiro will have to think carefully about moving to a club where he may not be a starter.
The Tenerife-born starlet has been shining this term, but would have a tough time battling with the likes of Gabriel Martinelli and Bukayo Saka for game time.