That's according to an exclusive by Justin Allen in the Sun, who quoted an unnamed source as saying:
An intermediary has made contact with Dortmund about Pierre-Emerick making a move to Arsenal.
Wenger knows the fee is very high—yet this is a striker who can make a massive difference for him and help win the title for the first time in 12 years.
But there is a lot of interest in him.
The Gunners are going strong this season and sit two points clear at the summit of the Premier League after winning five of their last six matches.
With the sublime Mesut Ozil in top form and the often underrated Olivier Giroud performing well, not to mention the presence of world-class forward Alexis Sanchez, Arsenal aren't especially lacking firepower compared to rivals Manchester United and Chelsea.
Nevertheless, the 26-year-old is a clinical front man who could really take them to the next level and snapping him up in January would put them firmly in the driving seat in the open and unpredictable title race.
The Gabon international has netted a staggering 27 times this season in as many appearances, as well as adding six assists. His stunning form has seen him surpass the numbers boasted by Europe's other top talents, per Bundesliga expert Clark Whitney:
Clark Whitney @Mr_Bundesliga
Aubameyang surpasses Neymar as player directly involved in most goals among top Euro leagues. More than Suarez, Lewandowski, Ronaldo & Messi2015-11-29 17:27:47
Aubameyang possesses electric pace and a killer finish—something that would particularly come in handy when the Gunners take on Barcelona in the Champions League.
Football writer Stefan Bienkowski believes Aubameyang is capable of scoring even when suffering a lack of form and believes he has developed incredibly well at the Westfalenstadion:
Stefan Bienkowski @SBienkowski
Kagawa, Mkhitaryan and Hofmann all useless today. Aubameyang - who can score in or out of form - just wasn't given any service at all.2015-12-19 16:25:49
Stefan Bienkowski @SBienkowski
Aubameyang has been evolving since he joined @BVB. Now he's a complete forward: http://t.co/092DAyxGrU (Via @br_uk) http://t.co/HDsmpICq5w2015-9-25 15:01:39
Dortmund will undoubtedly not want to part with such a key player, particularly in January, but if Arsenal are to offer the reported fee there's a reasonable chance they could pry him away.
Arsenal boss Arsene Wenger has urged fans to manage their expectations, though, and offered a reminder that their injured players are due to return for the business end of the season. Per talkSPORT, he said:
I don’t give much away [about transfers] because I don’t know [what’s going on].
I want to talk about them and hopefully we are capable of doing something in the next 10 days.
It’s more about quality than quantity because our players will not stay out injured forever. Francis Coquelin is starting to run, Santi Cazorla will be back in mid-February, and Mikel Arteta is back now so, hopefully, if we can add one and, if needed, two maximum.
It’s not a dream. Nobody knocks at your door at Christmas and says ‘I have a fantastic player to sell to Arsenal.’ You have to be realistic.
One player seemingly on the verge of making a switch to the Emirates Stadium is Basel midfielder Mohamed Elneny, as according to the Mail (h/t Jack Wilson of the Daily Star) he has completed a medical and will imminently make a £5 million move to Arsenal pending international clearance.
Here are some of the skills the Egyptian can bring to north London:
The 23-year-old would likely fit in at Arsenal thanks in part to his great distribution, per WhoScored.com:
Mohamed Elneny: Of players to start more than 1 Europa League game this season, only 1 averaged more passes per game than Elneny (92)2015-12-29 12:06:07
Elneny is an exciting player and would make valuable cover for Francis Coquelin, as Mathieu Flamini and Mikel Arteta are unable to compensate in his absence.
He may not be the marquee signing Arsenal fans will be hoping for such as Aubameyang, but the need for another defensive-minded midfielder is widely recognised and of the players available in January he would make a very useful addition.