The Gunners were believed to be interested in the 23-year-old towards the start of last year, but the Brazilian made the move to the Groupama Stadium from Athletico Paranaense on a four-and-a-half-year deal.
Depay’s contract with Les Gones is due to expire at the end of June, and Barca coach Ronald Koeman is said to be determined to bring him to Camp Nou this summer.
However, according to Le Parisien, PSG boss Mauricio Pochettino impressed by the Dutchman’s performances this season.
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.
Manchester United have allegedly earmarked Lyon striker Moussa Dembele as their top summer transfer targets.
United boss Ole Gunnar Solskjaer is said to be in the market for a new world-class striker this summer, with the likes of Jadon Sancho, Harry Kane and Erling Braut Haaland among the high-profile names linked with a move to Old Trafford.
Real Madrid have reportedly placed emphasis on signing Lyon youngster Houssem Aouar in the January transfer window.
The 21-year-old midfielder, who came through the youth system at Lyon and racked up 114 appearances for Les Gones in all competitions, scoring 18 goals and providing 21 assists in the process.