The 31-year-old has been understudy to Marc-Andre ter Stegen at Camp Nou since July 2019, making just 14 appearances for the Catalan club in all competitions.
Neto has a contract at Camp Nou until June 2023, but according to Sky Sports News, Arsenal are hoping to entice the Brazil international to the club during the January transfer window.
The report that the Gunners are eyeing an initial loan move for the South American, with the option of making the deal permanent during the summer window.
The London club have also been linked with Aston Villa's Tom Heaton amid suggestions that Arteta has already lost faith in Alex Runarsson, who arrived as Emiliano Martinez's replacement last summer. body check tags ::