The 32-year-old has not played for the Gunners since being stripped of the captaincy last month, although he has recently been with the Gabon squad at the Africa Cup of Nations.
On Wednesday, Arsenal boss Mikel Arteta revealed that Aubameyang has returned to the club following a post-coronavirus health scare, with the Gabonese Federation claiming that medical examinations had discovered "heart lesions" following his COVID-19 infection.
Arteta has said that the attacker is "going through some examinations", with the Gunners determined to make sure that "he's safe and in good condition".
However, there does not appear to be a future at the Emirates Stadium for Aubameyang, and according to CBS Sports, Al Nassr have made a loan offer for the forward.
The report claims that the Saudi Arabian club would be obliged to sign the FA Cup winner in a £6.6m deal at the end of the campaign.
Aubameyang has scored 92 goals and registered 21 assists in 163 appearances for Arsenal since arriving at the club from Borussia Dortmund in January 2018.