Arsenal are tracking the contract talks of Clement Grenier and Lyon and will look to make a move if they fail to reach an agreement, reports in France suggest.
The 23-year-old is out on contract in the summer of 2015 and is yet to agree a deal with Ligue 1 outfit Lyon. Talks between the parties but Arsenal continue to monitor the situation in case they break down.
According to the player's agent, Frederic Guerra, the player will take some time to consider the proposal before making a decision on his future.
He told the same publication: "[Talks] went well but nothing has been decided."
The indecision has alerted Arsene Wenger, who knows that he may be able to bag Grenier on the cheap if the player refuses to sign a new deal.
Because Grenier will be 24 when his contract expires in June 2015, he will be able to negotiate with other clubs next January and leave for free that following summer.
The speculation follows a January full of speculation with reports suggesting that Newcastle came close to buying Grenier but baulked at the £15m price tag.
It was an attempt from Alan Pardew to replace the departed Yohan Cabaye, who himself had been a target for the Gunners in the summer.