The Mirror understands that Arsenal are set to offer Tomas Rosicky a new contract amid surprise interest from European Champions Bayern Munich.
The Bundesliga leaders, who will face the Gunners in the last sixteen of this season’s Champions League, have registered an interest in the Czech Republic international, who moved to North London from Borussia Dortmund in 2006.
The 33 year old has made twenty-one club appearances for in all competitions this season, but will be able to leave at the end of the season on a free transfer if he fails to agree a new deal.
Meanwhile, Arsenal have turned down an approach from Napoli for captain Thomas Vermaelen, according to the Metro.
The centre-back has been used sparingly by Arsene Wenger so far this season, with Laurent Koscielny and Per Mertesacker continuing to be his preferred choice at the heart of his defence.
However, with the club still fighting on three fronts, the Gunners boss has no intention of parting company with the Belgium international, who has also this week been linked with a move to West Ham United.
Elsewhere, Schalke general manager Horst Heldt has dismissed reports suggesting that Julian Draxler is set for a move to the Premier League as wild speculation, the Daily Star understands.
The Germany midfielder, who has been linked with Arsenal, Chelsea and Manchester United, is currently one of the hottest properties in European football following his superb form for both club and country.