AC Milan striker Alexandre Pato is also said to be attracting interest from the Emirates.
William Gallas and Nicklas Bendtner may be released in January in a bid to freshen up the squad. Should Gallas leave, Arsene Wenger is said to be eyeing Juventus defender Giorgio Chiellini.
Rumour has it that Wenger is preparing a £12 million bid for Liverpool midfielder Xabi Alonso. Meanwhile, according to French newspaper L'Equipe, Wenger has also been tracking Lille midfielders Eden Hazard, 17, and Yohan Cabaye, 22.
Having been subjected to booing and jeering at the weekend it is understood that Emmanuel Eboue is considering a move away from the club.
Arsenal are reported to be lining up an ambitious £11million swoop for Chelsea forward Salomon Kalou in January.
They are also looking to bring Yaya Toure, brother of Kolo, to the Emirates in a £6 million deal with Barcelona. Should the deal go through is is expected that Kolo would then move to Manchester City in a deal worth around £5 million.
Keeping up the youthful aspect of his squad, Wenger is reportedly looking to make a swoop for FC Twente's 21-year-old striker/winger Eljero Elia.