The Gunners are believed to be pushing to sign the 21-year-old before the end of the month and are allegedly willing to make him one of the highest-paid players in the Premier League.
However, Juventus are also being strongly linked with the Serbia international, who is said to be stalling on a move to Arsenal, as he wants to join a Champions League club.
The centre-forward would allegedly prefer to remain with Fiorentina for the rest of the season before leaving the club during this summer's transfer window.
Vlahovic has been in impressive form for his Serie A side during the 2021-22 campaign, scoring 20 times and registering four assists in 24 appearances in all competitions. body check tags ::