The agent of the free-scoring striker has been in contact with the Spanish club, Atletico Madrid.
It has been reported that Lacazette’s exit from Arsenal is in the pipeline as the La Liga giants have made the French international a replacement for out-bound Antoine Griezmann.
The Gunners are struggling to hold on to both Aubameyang and Lacazette as the club missed out on a Champions League slot.
The 27-year-old has been on the wish-list for Barcelona for a while now and may battle with Atletico Madrid but the imminent move of Antoine Griezmann to the Camp Nuo gives the Madrid based club an easy competition.
The sale of the Frenchman will free up funds which should be enough for the club to acquire Wilfred Zaha from Crystal Palace.