Arsene Wenger’s side have apparently been keen on the 29-year-old for some time, but feared that they would miss out with Barcelona also said to be interested.
Indeed, the player was also keen on a move to the Nou Camp, having come through their La Masia academy before moving away.
They though, can’t afford a deal for him in January given their precarious financial situation and instead must look to try and secure another striker on loan.
That leaves Arsenal free to try and tempt him to the Premier League in the winter window, a possibility they are exploring.
And a huge wage increase could enough to make a move to the Emirates something he would be interested in, with a 250% increase on the cards according to the Mirror.
Celta Vigo will not allow their star man to go easily though and are working on a bumper new deal to try and secure him long-term.
Those negotiations look increasingly unlikely though, with the player’s form having caught attention from across Europe.