According to reports, the Gunners are preparing a bid to bring Barcola to the Emirates Stadium.
Barcola's first-choice status at PSG was affected last season due to the arrival of Kvicha Kvaratskhelia and the emergence of Desire Doue, resulting in reduced playing time for the French international.
As a result, Barcola might be open to a transfer away from the Paris-based club.
Bayern Munich is also showing interest in signing Barcola, as they are looking to strengthen their squad with a new winger this summer.