AS (h/t Tom Olver of Metro) reported the Colombian superstar "could be tempted to move on at the end of the season," and the Gunners would be willing purchasers if he came onto the market in the summer.
The midfielder has made only 17 starts in La Liga this term but has still found the net on seven occasions and provided eight assists for his team-mates, according to WhoScored.com.
Here is a compilation displaying what he could bring to the Arsenal forward line:
Gunners manager Arsene Wenger could also strengthen his midfield with the swift capture of Premier League winner N'Golo Kante from Leicester City.
France Football (h/t Metro's Mark Brus) said the dynamic midfielder—who has enjoyed a breakout season with the Foxes—has a £20 million release clause in his current deal, and Wenger would like to obtain his signing before the start of Euro 2016.
The Gunners have reportedly already held meetings to sign the France international, according to the article, with a possible deadline of June 10 to complete the rumoured deal.
However, Kante has spoken publicly about his intentions, hinting he is keen to stay with Leicester for now, as quoted by Lyall Thomas of Sky Sports:
The Champions League next season will be new for me but I hear good things.
We don't know if they we can surprise in Europe, we have just joined at this moment, we will see. We have just done it for this season.
When I came here I can't imagine this, winning the title. Now we did it. It has been a good moment, we have to enjoy it.
The 25-year-old has featured 36 times in the Premier League for the Foxes in 2015-16, per WhoScored.com, during the greatest season in their history.
BBC Africa's Emmanuel Igunza paid tribute to the player after a wonderful campaign at the King Power Stadium:
Kante would be the perfect acquisition for Arsenal, and he has proved he is perfectly suited to English football.
Wenger needs a midfielder with bite, and his side have consistently fallen short when it comes to the harder physical work in the middle of the park.
If the Gunners had Kante in the last 12 months, the north London giants would have gone close to capturing the title, rather than collapsing to abject failure in the league once again.