The North London club have been linked with a number of top forwards across European football, including Real Madrid's Alvaro Morata, per Metro's Sanderson, as well as Porto's Jackson Martinez and Atletico Madrid's Diego Costa, per the Mirror's Paul Gorst.
However, it looks as though Arsene Wenger could turn his attentions to the little-known Drmic, who has scored 11 goals and created three assists in his 23 league appearances for Nuremberg this season, per WhoScored, while also scoring twice for Switzerland in their recent friendly with Croatia.
The 21-year-old forward bagged his first for Ottmar Hitzfeld's side, showing his nimble footwork and patience in front of goal to wriggle past a number of defenders, allowing him to apply a cool finish:
Drmic then followed this up just before half-time with his second—and eventual match-winner—as he burst free of the Croatia back line, using his trademark turn of pace, to slot into the net and show Wenger just why he would add quick thinking and an excellent sprint to complement Olivier Giroud's forward play:
Goal.com's Cristian Nyari tweeted of the rumour, adding that Wenger had been a long-term admirer of Drmic's abilities as he looks to swoop for the youngster:
Former Nuremberg striker Marek Mintal spoke to UEFA.com of his belief that Drmic could yet become one of European football's top strikers and highlighted the player's willingness to learn, which would be of benefit if he joins Wenger's ranks:
Josip pays close attention when he is being told something. He takes on advice like a sponge. If he manages to maintain his form until the World Cup, I fear it's bad news for all the teams Switzerland face.
Bagging an unknown striker could prove to be to Wenger's benefit in a usually expensive transfer market, as the World Cup looks to boost prices of Europe's elite strikers and that could allow the Gunners boss to plump for the cheaper option but, as shown above, by no means a less-able forward.
Wenger's ability to nurture young talent speaks for itself, given the rise to form of Theo Walcott, Alex Oxlade-Chamberlain and Aaron Ramsey over the past two years, as the Frenchman continues to eye young talent to build long-term futures for his stars.
Given Drmic's young age but clear ability, he presents all of the attributes that would benefit Arsenal; as well as playing alongside Giroud on the frontline, he is a player who could act as the perfect foil to the French international's style of play.
An excellent target man, Giroud requires players who will be able to make the runs that he can feed the ball into, and, co-workers who can put in the effort to get the ball into the corners which can allow Giroud to maintain his own goalscoring positions.
That's exactly what Drmic can bring to the team.
The young, quick and nimble Swiss striker has the ability to chase down a lost cause and, as shown in the above videos, the cool, calm and collected nature in front of goal to bag the strikes that are helping Nuremberg to avoid the drop from Germany's top tier.
It could prove to be a good move for all parties and, in a World Cup year, Wenger must act fast to tie down his man or risk international tournament inflation boosting not only the striker's price but the number of suitors tracking his development.