Pierre-Emerick Aubameyang could be on the move next summer.
The Gabon international is reportedly being chased by both La Liga giants Real Madrid and Barcelona.
Aubameyang is out of contract in the summer of 2021 and Gunners chiefs are growing increasingly fearful that they could lose the star.
With Arsenal well off the pace in the Premier League, it has been claimed that the Gabon international has no intention of penning a new deal.
The 31 year-old is desperate to return to the Champions League – a feat that only looks achievable for Arsenal via a Europa League triumph.
According to The Mirror, both Barca and Real are monitoring Aubameyang’s situation closely.
They believe the striker’s valuation may prove too good to turn down.
The Gunners will also be concerned that Alexandre Lacazette is yet to enter new contract talks. Like Aubameyang, Lacazette’s contract has 18 months to run.