The Frenchman is tempted by a switch to north London.
Newcastle United midfielder Yohan Cabaye was the subject of a £10m bid from Arsenal on Monday, but although that offer was rejected the Frenchman is interested in the move, according to Sky Sports.
The Gunners will of course have to up their offer for the 27-year-old, with the Magpies wanting nearer £20m for their star asset.
Representatives for Cabaye are meeting with Newcastle to discuss the France international’s options and in this case it could actually be a transfer that is completed by the north London club.
Fans at the Emirates Stadium have so far had to watch targets Gonzalo Higuain and Luiz Gustavo join other clubs, whilst the long-running pursuit of Liverpool’s Luis Suarez has seemingly hit a dead end.
The move for Cabaye came from nowhere following an extremely disappointing opening weekend for Arsenal.
Arsene Wenger’s men lost 3-1 at home to Aston Villa and were booed off the pitch, with the team’s midfield in particular coming in for serious criticism.
There is also something of an injury crisis at the club as stalwarts Mikel Arteta and Alex Oxlade-Chamberlain both have long-term injuries.
Cabaye was a £5m signing for Newcastle back in 2011 from Lille, with the midfielder impressing so much in the club’s fifth place finish in the league that season that the Toon star was then a key member of France’s Euro 2012 team.