The midfielder marked his return to the Gunners first team with a goal against QPR on Boxing Day, however the Little Mozart is said to be frustrated by a lack of game time at the Emirates this season. Just one start in the Premier League all season long tells its own story for the 34-year-old, who is facing a huge fight to show Arsene Wenger he deserves more chances in 2015.
According to reports in the Sun, the Greek giants are willing to pay £2m for the Czech Republic captain, whose contract at the Emirates Stadium expires in June.
Time to move on?
The Summer arrivals of attacking talents Alexis Sanchez and Danny Welbeck have pushed Rosicky further down the pecking order at Arsenal, with the former Borussia Dortmund star being limited to just four league appearances all season long.
The Greek giants are currently second in the Superleague, one point behind behind PAOK, and coach Michel is said to be seeking a creative talent after growing impatient with on-loan Barcelona winger Ibrahim Afellay.
Final lucrative move to Greece on offer
"If Afellay not change your mindset will have problems with me at Olympiakos and in any other club" the Spaniard stressed in an interview with Cadena Ser.
"Afellay is a rebel, has the soul of a child." he added.
If he does make the move to Greece, Rosicky could be followed out the Emirates door by Lukas Podolski, who is close to joining Inter Milan on a six-month loan deal.