Report have shown that the Gunners are expected to reinforce their centre-forward department and they are seriously keeping tabs on multiple strikers.
It was noted that Dembele is one of the top names on their radar list and reputable media house Foot Mercato claims that they have been tracking his performances for sometimes now.
Although the Frenchman started the season on a high note, but then suffered a fractured fibula which kept him out of action for six weeks.
He made a slow start on his comeback, but his form has been pretty impressive for Les Gones since the beginning of the year.
With Dembele currently having 13 goals and three assists from 23 games this term these season and his present deal expires in June 2023, and Les Gones are prepared to sanction his sale amid his reluctance to pen a renewal.
He was valued in upwards of £40m last summer, but could be available for as little as £25m when the transfer window reopens in July.