Everton midfielder Marouane Fellaini is considering his future at the club following last weekend's FA Cup semi-final defeat to Liverpool, according to Goal.com.
The Toffees were downed by second half goals from Luis Suarez and Andy Carroll, which while it sends the Reds to their second domestic final of the season, leaves David Moyes' men trophy-less for another year, with European football now a distant dream.
With chairman Bill Kenwright struggling to attract investment at Goodison Park, the club appear to be in limbo as many of their rivals continue to spend to search for a rapid rise in the Premier League, and Fellaini is understood to have concerns over the future.
Chelsea have regularly been linked with a move for the 24-year-old since his move from Standard Liege in 2008. However, with the club without a permanent manager after March's sacking of Andre Villas-Boas, future transfer plans are unlikely to be top of the agenda.
As Chelsea continue to deliberate over a new manager, Arsenal could hit the front in the race for Fellaini.
The Merseyside midfielder could provide a safety net for Arsenal if a deal for alternative target Yann M'Vila falls through.
With ambition key to Fellaini's reasons for considering his future, both Arsenal and Chelsea will be key to match his desires by qualifying for the Champions League this season.
Arsenal are currently third, five points ahead of fourth-place Tottenham Hotspur, while the Blues' place is far from certain, as they trail Spurs by two points, with Newcastle United also in the hunt.
However, Roberto Di Matteo's side would snatch the fourth qualification spot in the Premier League away, should they prevail in the Champions League final in May.