Arsenal could reportedly move for Barcelona attacker Philippe Coutinho in a deal which would see Matteo Guendouzi head in the other direction.
Speculation has been rife surrounding Guendouzi's future following disciplinary issues at Arsenal, and the Frenchman has been left out of Mikel Arteta's squad since his fracas with Brighton & Hove Albion's Neal Maupay.
Guendouzi has now missed eight games in all competitions for the Gunners and did not feature in their FA Cup semi-final victory over Manchester City on Saturday, leading to further suggestions that the 21-year-old will head for the exit door this summer.
According to Foot Mercato, Guendouzi could be offloaded to Camp Nou in a sensational swap deal for Coutinho, with the Gunners midfielder allegedly making it clear that he would like to leave.
Coutinho, who is currently plying his trade on loan at Bayern Munich, has been persistently linked with a move back to the Premier League after struggling to impress at Barcelona.
Inter Milan, Paris Saint-Germain and Real Madrid are all rumoured to be keeping tabs on Guendouzi's future.