It was revealed that the Gunners are in the running sign the young midfielder when the transfer market reopens in the New Year.
Liverpool and Bayern Munich are also interested in a deal for Antonio Zarzano who previously rejected a move to Real Madrid.
Reigning European champions Liverpool have already made their first signing of the January transfer window with the capture of Takumi Minamino.
- The Real Reason Arsenal Will Pay Hefty Compensation Fee For Mikel Arteta Revealed(Opens in a new browser tab)
- Key Liverpool Player Misses Training Ahead Of Man City Game(Opens in a new browser tab)
- Arsenal In £36m Bid For Real Madrid Outcast
The Japanese international was announced as a new Liverpool player on Thursday morning and he’s expected to join the club on January 1, 2020.
Liverpool have activated the £7.25m release clause in his contract at Red Bull Salzburg FC of Austria.
The Reds would be hoping they can beat both Bayern Munich and Arsenal to the signing of Antonio Zarzana.
Arsenal are expected to appoint Mikel Arteta as their new manager in the coming hours after the two parties agreed to a deal until 2023.
The Gunners have moved to replace Unai Emery with Mikel Arteta after almost three weeks and five games.
Unai Emery was sacked for poor performance at the end of last month.