Sami Mokbel of the Daily Mail reports that the Gunners have been quoted £16 million by Barca to obtain Villa's services; though, Goal.com's Ben Hayward says that Barcelona will not cut ties with Villa until the summer.
Whenever Villa does become officially available, adding the versatile 31-year-old to the fray must be a priority for Wenger, for it's Villa's experience and versatility that is as valuable as his goal-scoring acumen.
Speaking of his goal-scoring prowess, it's true that his production at Camp Nou has gone down—there's no denying that.
Not to make excuses for him, but Villa is clearly still trying to regain form after suffering a broken leg last season.
But he's become a secondary player for Barca, and a change of scenery may be just what he needs to revitalize his career and achieve that goal.
With Theo Walcott thriving in the role of centre-forward and Olivier Giroud entrenched as a striker, Villa's ability to play either at the top of Arsenal's formation or out wide would allow Wenger to have all three on the pitch at once without negatively impacting Giroud and Walcott's performance.
Not only that, but Villa's extensive experience would be an invaluable addition, especially in light of the fact that Wenger has been giving younger players more of an opportunity to play meaningful minutes for the Gunners.
There's really no downside to adding Villa to the mix.
Up until recently, he's been a prolific goal scorer everywhere he's been. It'd be foolish to think that Villa couldn't thrive on the pitch once again if he were being used properly.
Wenger could certainly assure him of that.