Juventus are willing to offer Adrien Rabiot or Douglas Costa to Arsenal in exchange for Hector Bellerin, according to a report.
Bellerin, a first-team regular for the Gunners for the past seven seasons, is rumoured to be closing in on a move away from the Emirates Stadium.
Paris Saint-Germain, Juve and former side Barcelona, where the full-back spent eight years in their famed La Masia academy, have all been linked.
Reports from Italy suggest that Juve may now be the frontrunners to sign the Spain international as they are prepared to negotiate a swap deal with Arsenal.
It is claimed that central midfielder Rabiot and winger Costa, who is currently on loan with Bayern Munich, will be offered to Mikel Arteta's side in exchange.
Arsenal are believed to value Bellerin in the region of £26m, meaning that a monetary sum may also be included.