The Gunners appear keen on bolstering their attacking options ahead of next season in a bid to relieve the pressure off French international striker Olivier Giroud.
A number of possible names have been sounded out by the North Londoners, yet it appears that former Manchester City trouble-maker Mario Balotelli has jumped to the top of the list.
There will be big question marks over his behaviour and whether Arsene Wenger would be able to handle such a difficult player, but there is little denying his ability in-front of goal.
For Manchester City, the 23-year-old netted 20 goals in 54 Premier League appearances, helping the club with the title in 2011-12 season.
Since leaving the Citizens, Mario Balotelli has scored 30 goals in 54 appearances over the past 18 months for Serie A giants AC Milan, but after a torrid last season where the club finished in eighth spot, the striker could move on this summer.
Clubs lining up for his signature, however, could be rather short given his reputation and recent rumours have hinted that Chelsea boss Jose Mourinho has already declined the chance to sign him.
The report goes on to say that Arsene Wenger will meet with Balotelli’s agent this weekend, who in turn believes that a contract for his client in the region of £150,000 a week could be agreed.