It is understood that a fee of around £50 million could be enough to secure the transfer, and former Gunner Perry Groves is of the opinion that the England international is well worth that amount.
Speaking on talkSPORT, he said: “He’s English. He’s young – he’s 23. He’s proven that he can play in the Premier League.
"He’s good on the ball, he’s good at bringing it out from the back. He’s very calm.
"He can play right-back, he can play as a holding midfield player, but as a centre-half, I think he has the ability to be better than John Stones and Harry Maguire from what I’ve seen of him.
"As an Arsenal fan, for £50 million, happy days. It’s a statement of intent.”
We’ve gathered the best of today’s Premier League transfer speculation below…
9. Peacock-Farrell price set
It will cost Sheffield Wednesday £300,000 if they want to bring in Bailey Peacock-Farrell on loan for the season from Burnley. (The Sun) (Photo by Alex Livesey/Getty Images) Photo: Alex Livesey