Arsenal have offered Alex Oxlade-Chamberlain to Chelsea in an attempt to land defensive midfielder Nemanja Matic.
According to Gianluca Di Marzio, Arsenal are interested in signing Matic and are willing to send Oxlade-Chamberlain the other way as a makeweight.
Matic has been linked with Manchester United this summer but a move is yet to materialise, with Chelsea valuing him at £40m.
Arsenal are looking to make some big additions to their side this summer and see Matic as the idea man to beef up their midfield options.
Matic has requested to leave Chelsea and could be interested in making the switch to Arsenal under Arsene Wenger.
The Gunners have already broken their transfer record this summer, signing Alexandre Lacazette for £52m from Ligue 1 side Lyon.
The French forward netted on his debut against Sydney on Thursday, which Arsenal fans will hope is a sign of things to come this season.