The 29-year-old striker has been impressive in recent weeks with four goals in his last four top flight outings, but the Frenchman has now entered the final 18 months of his contract at the Emirates.
Arsenal centre-back Rob Holding has committed his future to the Gunners after signing a new three-year contract at the Emirates Stadium with the option for a further year.
The 25-year-old has become a regular under Mikel Arteta this term, appeared on 18 occasions in all competitions.
Los Angeles Galaxy have reportedly “explored” the possibility of signing Arsenal attacker Mesut Ozil.
The 32-year-old attacking midfielder will be out of contract next summer, and it is widely expected that the former Germany international has played his final game for the Premier League giants.
Lyon playmaker Houssem Aouar is still a target for the Premier League giants Arsenal.
The Gunners are still plotting a bid to sign the 22-year-old playmaker in the January transfer window.
According to the Italian media outlet Tuttosport, Mikel Arteta’s side are still interested in the France international despite failing to get a deal over the line in the summer transfer window.