The 30-year-old is out of contract at the Emirates Stadium next summer, meaning teams will be able to negotiate a pre-contract deal with him in January.
Lacazette has only played 31 minutes of Premier League football this season, but scored against AFC Wimbledon in the EFL Cup on Wednesday night.
le10sport states that Atletico are keen to recruit the services of the Frenchman, with head coach Diego Simeone being a long-time admirer.
The report adds that Lacazette's contract talks at Arsenal 'are not moving in the right direction', and it appears likely he will leave the club at the end of the season.
The striker has been with the Gunners since 2017, scoring 67 goals in 173 appearances for the club. body check tags ::