However, Manchester City are also interested in the 22-year-old and have identified the Jamaica international as a potential replacement for Leroy Sane, according to the report.
The report has added that a move to City “appears significantly more likely” due to Bayer valuing the youngster at £40 million.
According to WhoScored, Bailey has made seven starts and nine substitute appearances in the Bundesliga for Bayer so far this season, scoring five goals and providing one assist in the process.
The winger – who “has no weak points”, according to previous comments from Ajax youth coach Ronald de Boer, as quoted on talkSPORT – made 21 starts and eight substitute appearances in the league for the German club during the 2018-19 campaign, scoring five goals and providing one assist in the process, according to WhoScored.
Manchester City over Arsenal?
City are a very wealthy club and regularly challenge for the Premier League title and compete in the Champions League.
Under City manager Pep Guardiola, Bailey would improve as a player and would get better, and one should not be surprised if City do get the winger ahead of Premier League rivals Arsenal.