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 speculation below…
9. Battle on for Colley
Sampdoria defender Omar Colley has been linked with a move away from the Italian club this summer. Leeds United and West Ham are currently chasing the 28-year-old Gambian defender and he will cost around £8.5 million. (SampNews 24) (Photo by Getty Images) Photo: Getty Images
10. Gunners won't sign Bissouma
Arsenal wanting to sign Brighton midfielder Yves Bissouma is now ‘out of the window’. (The Football Terrace) (Photo by Mike Hewitt/Getty Images) Photo: Mike Hewitt