Bayern Munich are readying a move for Tomas Rosicky, according to a report in the London Evening Standard.
The Czech Republic international has been in terrific form for the Gunners this campaign and is now considered a cult hero amongst the Emirates faithful, a far cry from the scapegoat he once portrayed.
Arsenal would therefore be loathe to lose him, but the report suggests the European champions may be about to cash in on uncertainty between club and player during contract negotiations, with Rosicky's deal up at the end of the season.
Rosicky, like fellow contract rebel Bacary Sagna, has yet to put pen to paper and would prefer a two-year-deal over the 12 months the club are willing to offer the rejuvenated 33-year-old.
Arsene Wenger has been steadfast in his assumption that the playmaker would pen fresh terms at the club, but the interest may serve to hamper the Gunners' offer.
Wenger is in the midst of his own contract talks while Per Mertesacker and Sagna are also both believed to be at the table to prolong their stays at the Emirates Stadium.
According to the report, Bayern's interest dates all the way back to 2001, when he impressed as a No.10 for Czech side Sparta Prague, before sealing a big-money switch to Munich's rivals Dortmund that summer for around the £12m mark to become the most expensive Bundesliga player of all time.
He won the title in his maiden campaign and continued to shine before a move off the back of a productive 2006 World Cup to Arsenal.
Bayern have persisted in assessing Rosicky but there are doubts as to whether there interest is being used as a device to engineer a better deal out of Arsenal for what would appear to be a final contract.
Should Arsenal offer Rosicky a new deal to ward off Bayern Munich's interest?
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