The report states that Arsenal are looking to land up-and-coming English talent, with Leicester City left back Ben Chilwell and Fulham's Ryan Sessegnon near the top of their transfer wish list.
However, it's also claimed that the Gunners have a keen interest in West Ham's Reece Oxford, and are prepared to submit an £8m bid this summer.
Oxford, 17, was originally on the books at Tottenham Hotspur before joining West Ham back in 2011, and his reputation has been growing ever since.
Originally billed as a centre back, Oxford was compared to former Hammer Rio Ferdinand, but manager Slaven Bilic decided to convert him to play in defensive midfielder - and he was thrown in at the deep end, starting his first Premier League game away at Arsenal on the opening day of this season.
Oxford was outstanding in a 2-0 West Ham win, and whilst he has been back in the club's Under-21 side for most of the season, he looks set to have a huge future with the Hammers; unless Arsenal can tempt them into a deal.
It's suggested by The Mirror that Gunners boss Arsene Wenger is a big fan of Oxford, and sees him as a 'huge prospect' following that superb display against his side back in August, meaning West Ham may be bracing themselves for a bid at the end of the season.
Should West Ham sell Oxford for £8m?