The Arsenal forward is allegedly stalling on signing a new deal at the club.
Both Juventus and Bayern Munich are allegedly in the hunt for the Arsenal forward, as he stalls over signing a new deal at the Emirates Stadium.
The Chilean star is said to be frustrated after a disappointing season at the club in which he, and the side in general, have struggled for their best form.
There have been lengthy negotiations over a new £160,000-a-week contract but nothing has been signed as yet.
That has left Gunners keen to open talks about his future as soon as possible to try to determine whether he will stay.
According to the Mirror report, he gave very positive signs that he wanted to do that earlier in the season, but now they are not so certain.
Should he reveal that he wants to leave then Arsenal may look to sell rather than letting his contract run down.
Should they do so, a move for Henrikh Mkhitaryan could be on the cards to replace him, with the same Mirror report claiming Arsenal are interested in the Borussia Dortmund star.