The striker is without a goal since January but the Germans are still interested.
The French striker had been in fine form for the Gunners earlier this season as he looked to have answered the doubters about his ability to be the club’s number one striker.
Instead, the second half of the campaign has been a disaster for him as he has gone without a goal since January amidst his side’s title collapse.
That has put the doubters firmly upon his back once again, with calls for him to be replaced with the world-class striker that many believed the side has needed for a number of years.
His drought, the worst of his career so far, has not put off Wolfsburg though, who are eyeing a move for him in the summer as they seek to add more firepower to their team.
According to the Mirror, they are wiling to offer him a deal worth £5million-a-year to tempt him into a move to the Bundesliga.
They are in need of a new striker for next season, having cut ties with former Arsenal striker Nicklas Bendtner last month following his disastrous spell at the club.