Demba Ba could make his much-desired move to Arsenal in the January transfer market, reports the Daily Star.
Arsenal came close to signing the Senegelese international in a season-long loan deal on transfer deadline day before the plug was pulled.
Chelsea manager Jose Mourinho later confirmed that he prevented to deal from happening because he believed the signing of Mesut Ozil made them title contenders.
The Gunners were keen to sign an extra striker to provide competition for Frenchman Olivier Giroud, who remains one of Arsenal's only strikers.
Nicklas Bendtner's proposed move to Crystal Palace was called off as a result but Bendtner and Giroud remain Arsenal's only recognised strikers.
Ba, 28, was also keen to move to the Emirates as he knew first team opportunities would be coming at a premium at Stamford Bridge.
He recently told reporters: "I was ready to go there [Arsenal] but it didn't happen.
"I wanted to play - and I want to play."
Ba has seen his international career suffer since moving to west London from Newcastle in January after being left out of the last two international squads.
The Daily Star is reporting that bookmakers are keeping Arsenal as favourites to sign the striker in January with odds as short as 4/1.
However, Newcastle's rumoured interest in re-signing the striker has seen them come in at 5/1.