Arsenal have so far dominated speculation around the 19-year-old, with several reports in recent weeks claiming the Gunners have been monitoring his progress, but Boca are increasingly aware that interest from England is now gathering pace beyond just one suitor.
According to El Intransigente, Villa have added Aranda to their shortlist, and a formal approach cannot be ruled out in the coming days. Both reports state that Boca president Juan Roman Riquelme and manager Rodolfo Arruabarrena have been placed on alert by the growing interest.
Aranda enjoyed his breakthrough during the first half of 2026, establishing himself in Boca's first team after making his senior debut in January. The attacking midfielder has featured in 21 competitive matches, scoring once and providing two assists, performances that have seen him emerge as one of the club's brightest academy graduates.
El Crack Deportivo adds that Villa are weighing up whether to turn their interest into a formal proposal, though there is currently no suggestion that negotiations have begun in any capacity. The same report also states that the Premier League side will not have a free run at the player, with Inter Milan, Fiorentina, Bologna and Como all continuing to monitor his progress, in addition to previously reported interest from Parma.
Boca have inserted a release clause into Aranda's contract believed to be worth around £15m, giving the Argentine club a strong negotiating position should any of the interested clubs move to formalise their interest. Riquelme, himself a former Boca playmaker, has previously indicated a preference to keep hold of the teenager for at least another year or two before sanctioning a sale, meaning any interested party would likely need to meet the clause in full rather than negotiate a discount.
Aston Villa's move to join the race underlines the growing appetite among Premier League clubs for South American talent, with the club having already been linked with a number of young prospects from the continent this summer as they look to strengthen depth across midfield areas.