The Argentinian international remains fully focused on getting Catania back in the top flight.
And it is looking like those rumours are nothing but transfer whispers, with Peruzzi saying telling reporters at a press conference: “I heard about the interest of Arsenal, but the club has not told me anything.
“I am calm and I think I will stay here. I am just thinking of Catania and I really want to bring the team back into Serie A.”
Peruzzi has already been capped by Argentina despite his tender age and Catania's relegation last season, and was heavily linked to a switch to Sunderland last season for around £5 million before he switched to Serie A from Velez Sarsfield.
The right back may be available for less than the price Catania paid for him on account of the Elephants' drop.
Doubts remain over the future of England fullback Carl Jenkinson despite the departure of Bacary Sagna to Manchester City on a free transfer. Arsene Wenger moved quick to bring in a replacement for the former Auxerre man, signing his compatriot Mathieu Debuchy from Newcastle United for £10 million.
Recent reports have seemed to indicate that Wenger would like to bring in another specialist right back to strengthen the squad, which may or may not lead to Jenkinson's departure.