According to The Daily Mail, Arsenal are interested in signing the Valencia defender this summer.
Arsenal legend Wright has suggested that the North London outfit should sign the Germany international.
The former England international has also suggested that Mustafi should already be at the Emirates Stadium.
Germany's Shkodran Mustafi
“Again Arsene has left it too late,” Wright wrote in The Sun. “I’m sure he planned to get them in early but now clubs know he’s desperate, the price will go even higher.
“I can’t understand why Shkodran Mustafi isn’t already there, unless it’s because Valencia are demanding top dollar, which leaves Arsenal in the grinder.
“The start of the season is when you really want momentum. Especially a side like Arsenal, where people are always waiting to put the boot in.”
Mustafi has been on the books of Valencia since the summer of 2014 and has established himself as one of the better centre-backs in Spain.
The German centre-back had a pass accuracy of 81% and a shot accuracy of 24%, and won 87 headers, seven dribbles and 51 tackles, according to Squawka.com.
Mustafi’s current contract with Valencia runs until June 2019, according to Transfermarkt.co.uk.