Olivier Giroud is reportedly attracting interest from Italian duo Inter Milan and Juventus.
The French striker's Emirates future has been up for debate since the Gunners landed Alexandre Lacazette last summer in a record deal.
Giroud decided to remain and fight for his place, but has started only three games this season.
And now a report in Calciomercato claims the the two Serie A giants are plotting moves for the 31-year-old in the summer.
Inter currently have only one recognised striker in Mauro Icardi, while Giroud has been identified as a replacement for Mario Mandzukic.
Gunners could be missing SEVEN players at Watford
Arsenal could be without seven first team players for their trip to Watford in the Premier League this weekend.
Shkodran Mustafi limped off in Germany's 5-1 win over Azerbaijan on Sunday, and could miss the club's next seven fixtures.
The defender suffered a torn ligament, and had to be helped off the pitch before being replaced just 36 minutes in the game.
Meanwhile Laurent Koscielny, who has been sidelined for the Gunners over the past few weeks, is facing a race to be fit for Saturday's game.
Ramsey criticised for Wales performance
Wales fans have been very critical of Aaron Ramsey's performance in their 1-0 defeat to Ireland in World Cup qualifying.
The Welsh midfielder played the full ninety minutes of the match at Cardiff City Stadium, but was unable to make any real impact.
Wales were already on the back foot going into the game as Gareth Bale watched from the stands with an injury.
And things only got tougher for the home side when creative outlet Joe Allen was forced off with suspected concussion.