The 22-year-old has been a revelation in his debut season in the Premier League, firing 19 goals in 33 appearances for Paul Lambert's side in all competitions.
Despite Villa's lowly league position, Benteke has been a shining light in 2012/13, and can be regarded as one of the signings of the season, after arriving from Racing Genk in an £8million deal last summer.
His valuation is believed to have trebled in the past nine months to £24million, but that hasn't thwarted Gunners boss Arsene Wenger's reported interest in bringing the in-form striker to the Emirates Stadium.
Arsenal will face direct competition for the Belgian international's signature from Tottenham, with Andre Villas-Boas also weighing up a bid to lure him to White Hart Lane.
Spurs' Portuguese tactician will be looking to strengthen a thin forward line that currently consists of just Jermain Defoe and Emmanuel Adebayor ahead of the new campaign.
However, both clubs have been dealt a blow in their prospective pursuit of Benteke, after he vowed to repay the faith shown in him by Villa boss Lambert, and stay in the Midlands.
"I have to give back to him what he has given me," he is quoted in The Sun. "Since I was young it was my dream to come here and play in the Premier League."