It has been reported by the British tabloid that Gunners manager Arsene Wenger is willing to spend as much as £8 million for the services of the Spain international.
The Sun has also claimed that the North London outfit have made contact regarding the transfer of the 30-year-old striker.
However, Arsenal have not made a bid for the former Athletic Bilbao man, according to the report, although Juventus are open to listening to offers for the 2010 World Cup winner.
Other interested clubs
Arsenal are not the only club interested in Llorente, as a number of Premier League outfits have been linked with the Spaniard.
According to GianlucadiMarzio.com, Liverpool are interested in the Juventus striker, with Tuttosport claiming earlier this month that Tottenham Hotspur were weighing up a move of around £10 million for him.
Good signing for Arsenal?
Llorente is 30 years of age and has not really done much of note over the past two seasons at Juventus.
The Spain international scored seven goals and created 23 chances in 31 Serie A appearances for Juventus last season.
During the 2013-14 campaign, Llorente found the target 16 times and created 49 chances in 34 league games.
It does seem strange that Arsenal are reportedly so keen on Llorente, especially as they can find other better strikers.