Henrikh Mkhitaryan has turned down a new contract with Borussia Dortmund amidst interest from Arsenal, the "?Evening Standard reports.
Further reports suggest the Armenian playmaker is already set on a move to the Emirates and is currently house hunting in London.
Arsenal have been rumoured to be interested in signing the player with a price of £24m being discussed.
Mkhitaryan was a key player for Dortmund last season as they unfortunately could not keep pace with Pep Guardiola's Bayern Munich side who won the league by 10 points in the end.
The attacking midfielder scored 10 times and registered 15 assists in the Bundesliga this season and is regarded as one of Thomas Tuchel's best players.
He similarly impressed in the Europa League scoring twice and assisting five times, including impressive displays against Liverpool who eventually knocked them out in the most dramatic of fashions.
Mkhitaryan is used to rumours linking him with the Premier League, even before he moved to the Bundesliga he was a name linked with all the top clubs.
The Armenian signed for Dortmund back in 2013 from Shakhtar with Brendan Rodgers and Liverpool reportedly very keen on the midfielder before he opted to join the side then managed by Jurgen Klopp.
Despite strong interest from the Gunners, Thomas Tuchel and Dortmund are unlikely to let one of their star assets leave, especially not without receiving a considerable transfer fee for the player.
For Arsenal fans it would be a welcome signing with calls for Wenger to spend big this summer and finally end their long wait for a Premier League title.