The Spain international has enjoyed an impressive 2020-21 campaign for Los Rojiblancos, contributing 10 goals and nine assists in 36 appearances in all competitions.
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.
Inter Milan and Arsenal could reportedly slug it out over the summer for the Atletico Madrid midfielder Thomas Partey.
The Ghana international, who has a £45m release clause in his contract, is attracting interest most notably from the Gunners.
However, with the Premier League giants having so far failed to follow up initial discussions, it remains uncertain whether they will make a bid for the 27-year-old forward.
Arsenal have reportedly placed emphasis on signing Atletico Madrid attacker Thomas Partey in the summer transfer window, according to The Telegraph.
The 26-year-old midfielder has been impressed with the Spanish outfit this season.
The report says the Gunners are ready to make a move for the Ghana international in this summer’s transfer window with the playmaker having a release clause of £45m.