Arsenal is waiting for Thomas Partey to make a decision on his contract with Atletico Madrid before tabling an offer.
The 27-year-old has consistently been linked with a move away from the Wanda Metropolitano all summer.
The Ghana international shone for the Rojiblancos as they finish third in the La Liga at the weekend.
Arsenal manager Mikel Arteta is a huge admirer of the talented Ghana superstar but talks to sign him has stalled over his contract situation with Atletico.
Now the English side is waiting patiently for the midfielder to make a decision on signing a new contract with his current club.
Respected journalists Fabrizio Romano has revealed representatives of the 27-year-old are holding out contract extension talks with the Spanish side before making a decision on his future.