Mario Mandzukic
Mandzukic has been able to adapt in the La Liga since his move from Bayern Munich to Atletico Madrid this summerReuters

Arsenal are reportedly planning to make a move for Atletico Madrid striker Mario Mandzukic after failing in their attempts to land Paris Saint-Germain's Edinson Cavani.

Gunners boss Arsene Wenger is reportedly keen to land a new striker in January after recently loaning out Lukas Podolski to Inter Milan for the remainder of the season.

Although Arsenal already have the likes of Olivier Giroud, Danny Welbeck, Joel Campbell and Yaya Sanogo amongst their ranks, Wenger is reportedly looking to sign a sharp eyed striker who will be able to propel the Gunners into the top four of the Premier League.

Earlier, there were reports of Arsenal leading the race to sign PSG striker Cavani, but the Ligue 1 side's asking price in excess of £60 million proved to be the stumbling block.

As Arsenal are not willing to spend that much on a single player, Wenger has reportedly turned his attention towards Mandzukic, who will certainly be a much cheaper alternative as compared to Cavani, according to the Daily Star.

Despite the 28-year-old Croatian joining Atletico Madrid only this summer, he may be keen to make a move to the Premier League after failing to establish himself in the La Liga.

Meanwhile, Sanogo's proposed loan move to Bordeaux has become uncertain after Wenger reportedly advised the striker against joining the Ligue 1 side.

The 21-year-old striker, who arrived from French side Auxerre in the summer of 2013, is reportedly keen to make a move out of the Emirates after failing to get regular first team football at Arsenal.

The Frenchman was being tipped to join Bordeaux for the remainder of the season, but Wenger has reportedly asked the striker not to move back to the Ligue 1, according to French newspaper L'Equipe

The 65-year-old Frenchman reportedly feels that playing in France will only hamper the player's progress and development.

Instead, Wenger wants Sanogo to join a Premier League side on loan so that he can get accustomed to the style of play in England.

Sanogo, who has made 11 appearances for Arsenal so far, is yet to score a goal in the Premier League.