Reports suggest the 21-year-old, who recently signed a contract extension until 2015, will cost between £12m and £15m.
Fans have called on Wenger to increase his activity in the transfer market after the Gunners picked up just one point from their first two games of the season.
M'Vila has managed 11 caps for France since he made his international debut in 2010.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Liverpool | 16 | 12 | 3 | 1 | 37 | 16 | 21 | 39 |
| 2 | Chelsea | 17 | 10 | 5 | 2 | 37 | 19 | 18 | 35 |
| 3 | Arsenal | 17 | 9 | 6 | 2 | 34 | 16 | 18 | 33 |
| 4 | Nottingham ForestNott'm Forest | 17 | 9 | 4 | 4 | 23 | 19 | 4 | 31 |
| 5 | Bournemouth | 17 | 8 | 4 | 5 | 27 | 21 | 6 | 28 |
| 6 | Aston Villa | 17 | 8 | 4 | 5 | 26 | 26 | 0 | 28 |
| 7 | Manchester CityMan City | 17 | 8 | 3 | 6 | 29 | 25 | 4 | 27 |
| 8 | Newcastle UnitedNewcastle | 17 | 7 | 5 | 5 | 27 | 21 | 6 | 26 |
| 9 | Fulham | 17 | 6 | 7 | 4 | 24 | 22 | 2 | 25 |
| 10 | Brighton & Hove AlbionBrighton | 17 | 6 | 7 | 4 | 27 | 26 | 1 | 25 |
| 11 | Tottenham HotspurSpurs | 17 | 7 | 2 | 8 | 39 | 25 | 14 | 23 |
| 12 | Brentford | 17 | 7 | 2 | 8 | 32 | 32 | 0 | 23 |
| 13 | Manchester UnitedMan Utd | 17 | 6 | 4 | 7 | 21 | 22 | -1 | 22 |
| 14 | West Ham UnitedWest Ham | 17 | 5 | 5 | 7 | 22 | 30 | -8 | 20 |
| 15 | Everton | 16 | 3 | 7 | 6 | 14 | 21 | -7 | 16 |
| 16 | Crystal Palace | 17 | 3 | 7 | 7 | 18 | 26 | -8 | 16 |
| 17 | Leicester CityLeicester | 17 | 3 | 5 | 9 | 21 | 37 | -16 | 14 |
| 18 | Wolverhampton WanderersWolves | 17 | 3 | 3 | 11 | 27 | 40 | -13 | 12 |
| 19 | Ipswich TownIpswich | 17 | 2 | 6 | 9 | 16 | 32 | -16 | 12 |
| 20 | Southampton | 17 | 1 | 3 | 13 | 11 | 36 | -25 | 6 |
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