Arsenal are reportedly in talks with Barcelona over a deal for Philippe Coutinho which could involve Matteo Guendouzi going the other way.
Coutinho has been widely tipped for a return to the Premier League ahead of next summer, with the former Liverpool attacker surplus to requirements at Camp Nou.
Chelsea, Tottenham, Leicester City and Newcastle United have all been linked with the 28-year-old, as well as FA Cup finalists Arsenal.
Guendouzi's Emirates future has been thrown into doubt after the midfielder was dropped by boss Mikel Arteta following his antics against Brighton last month, when he grabbed Neal Maupay around the throat.
Read more on mirror.co.uk