Gunners also in for City striker on loan
Arsenal could also be set to raid Manchester City for one of their strikers, with a loan move for out-of-favour forward Stevan Jovetic, according to CaughtOffside.
The Montenegro international only joined City from Fiorentina last summer, but has found first-team football hard to come by due to injuries and competition for places from the likes of Sergio Aguero, Edin Dzeko and Alvaro Negredo.
Arsenal are in need of new signings upfront, and this could be an ideal transfer for both clubs if City agree to potentially allow two players move to direct title rivals.
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