Cologne coach Stale Solbakken has refused to rule out Lukas Podolski leaving the club this summer.
The German international was today reported to have agreed a deal with The Gunners for a move in the summer, with a fee in the region of £16 million touted.
With 15 goals in 19 Bundesliga matches, Podolski has been in superb form this term, and Solbakken says come the summer, a move could be in the offing.
"Lukas is currently an FC Cologne player," Solbakken was quoted as saying on Der Spiegel's website.
"We know that he will be until the end of the season. Then we have to see what happens."
Bild this morning reported that Podolski had made a 'provisional agreement' with Arsene Wenger's side for the new season, and could provide an ideal safety net if top scorer Robin van Persie fails to agree a new deal with the club.
Alternatively, if the Dutchman does pen a new contract, Podolski will form a fearsome partnership with Van Persie which could help drag the club back into title contention.
In addition, with Andrey Arshavin and Nicklas Bendtner unlikely to return to the Emirates Stadium following their respective loan spells, Podolski would assist in bolstering Arsenal depleted ranks.