But is he really what they need?
It is written that the approach is in reaction to the news Lukas Podolski is to be out for around 10 weeks, seven more than originally anticipated.
But just a month ago Quagliarella was linked with moves to Norwich City and West Ham United.
Neither clubs followed up their interest, which should perhaps be concerning to Arsenal fans, who would be entitled to ask what he would bring to them?
Quagliarella may be remembered on these shores for a superb goal at the 2010 World Cup, as Italy were defeated by Slovakia in a 3-2 defeat, chipping the goalkeeper from 25 yards out with what proved to be only a consolation.
He signed for Juventus from Napoli that summer, having netted 11 the pre-ceding season, but in three seasons has failed to make it into double figures.
The Italian international scored nine in his first season, just four 23 games in 2011/12, and last season netted nine goals in 27. That makes just 13 over the past two seasons, hardly the prolific striker Arsenal have been crying out for.
His options at Juventus have become more limited with the arrivals of Carlos Tevez and Fernando Llorente, and he has not made it off the bench during the club's opening two games of the season.
Quagliarella is likely to be on the move, it just remains to be seen whether it is to Arsenal. He has 25 caps for Italy, but the last of those came back in November 2010, and at the age of 30 time is not on his side.
A useful squad player perhaps, but he is not the striker Arsenal have been crying out for.
image: © bianconero