It has been reported by the British newspaper that Arsenal manager Arsene Wenger is planning a £15 million move for Evans.
The North London outfit are claimed to be looking for a centre-back following the long-term injury suffered by Per Mertesacker in pre-season.
According to The Independent, Arsenal are also interested in signing 24-year-old centre-back Shkodran Mustafi from Valencia this summer.
Liverpool legend Nicol believes that Evans would be a better signing than Mustafi for the North London outfit.
“I am not a fan of Gabriel,” the former Scotland international defender told ESPN FC. “I think he has got a mistake in him all day long everyday.
“You know what you are getting from Jonny Evans, and that is good solid defending.”
Evans, who is 28 years of age, joined West Brom from Premier League rivals United in the summer of 2015.
The Northern Ireland international scored one goal and created nine chances in 30 Premier League appearances for the Baggies last season.
The defender had a pass accuracy of 76% and a shot accuracy of 25%, and won 54 headers, 22 dribbles and 52 tackles.
Mustafi scored two goals and created four chances in 30 La Liga matches for Valencia last season.
The Germany international defender had a pass accuracy of 81% and a shot accuracy of 24%, and won 87 headers, seven dribbles and 51 tackles.