The out-of-favour Montenegrin, who has made just five starts in Serie A and the Champions League this season, per WhoScored.com, appeared to be closing in on a loan deal to Arsenal, as reported by Barry Glendenning of The Guardian.
Arsene Wenger is in desperate need of attacking reinforcements, but it seems the Gunners are set to focus on bringing in Julian Draxler from Schalke, a target who has dominated the headlines over recent days.
Matt Law of The Telegraph believes the clubs are in "advanced talks" over a £36 million deal, while Jamie Casey of Skybet indicated the organisation have stopped taking money in anticipation of the German's arrival:
While Draxler is a fantastic purchase for the North London club, he is not the striking presence Wenger needs to acquire.
Vucinic, despite his lack of regular football in recent times, is the type of player who could provide Olivier Giroud with support until the end of the season. Limited opportunities ensure Vucinic has only scored two goals this season, but the 6'1" forward is more than capable of having a positive impact.
The 30-year-old is useful when holding up the ball, likes to play short passes and possesses a natural instinct to get in the box.
He isn't pacey and has a tendency to become frustrated if things aren't going his way, but his quality eclipses that of Nicklas Bendtner, who only has a bit-part role at the Emirates.
Arsenal have a terrifying run of fixtures approaching, and as transfer deadline day approaches, it seems Giroud will have to shoulder much of the striking responsibility by himself:
John Cross of Mirror Football suggests Wenger will aim to turn Draxler into a striker, but this is likely to take time.
Until the end of the season, it would certainly be preferable for Arsenal to sign a player who is used to scoring at the top level.