The Poland midfielder has been linked with a move in the past, but this summer may see the Gunners swoop at last.
The Gunners are reportedly keen to add a top class defensive midfielder to their side over the summer, despite having enjoyed considerable success with Francis Coquelin in the role this season.
They were thought to have been monitoring Southampton star Morgan Schneiderlin for some time, but that seems to have come to an end with manager Arsene Wenger unwilling to meet the Saints’ valuation of £25 million.
Instead, the Frenchman now looks set to join rivals Manchester United, meaning Wenger could turn his attention to Pole Krychowiak as a cheaper alternative - £4 million cheaper to be exact.
The Sevilla star has a £21 million release clause in his contract according to the report, and Arsenal would have to match that for any sale to be sanctioned by the Europe League winners.
Krychowiak joined the Spanish side from Reims last summer and played a key role in his first season at the club, also scoring in the Europa League final win over Dnipro Dnipropetrovsk.
It is not the first time Arsenal have been linked with the midfielder however, although a move failed to materialise last time around. The apparent decision to stop chasing Schneiderlin though could sway them into a move this summer.