The Gabon International has been linked with a departure from Borussia Dortmund for several years, with the likes of Liverpool, Manchester City and Real Madrid just some of the teams thought to have been interested.
The London club expect to lose the Chilean worldwide this week - with Manchester United his likeliest destination ahead of Manchester City - as they edge closer to concluding a deal for young Brazilian forward Malcom from Bordeaux for around £40 million.
The 28-year-old has had a troublesome season with Dortmund and was dropped from the squad for the 0-0 draw with Wolfsburg on Sunday.
Aubameyang, 28, has always been regarded as one of the hottest properties in world football. They are willing to pay €60m.
"It would take perhaps longer than Alexis, but they're putting all of their eggs in that basket". They think he will be a ideal replacement for Alexis and will work well with Lacazette.
The right back, a scorer in Arsenal's defeat at Bournemouth on Sunday, has recently followed Aubameyang on Twitter which - as we all know damn well - is all the excuse needed for some to jump to conclusions about a possible transfer move.
"The Guardian also reports that Theo Walcott is, ". set to leave the Emirates Stadium this month", and that the club is edging, ". closer to concluding a deal for the young Brazilian forward Malcom from Bordeaux for around £40m".