But the Mirror claim Arsenal now expect the 19-year-old to sign for Liverpool this summer and have turned their attention elsewhere.
The Reds are said to be desperate to sign a left-back with Jose Enrique released and Alberto Moreno once again in the firing line after a torrid performance in the Europa League final.
But the Gunners appear keen to wrap up a deal for the player before Premier League scouts at the competition are alerted to Holding's talents.
And Wenger is also eyeing a third youngster, Fulham’s Ryan Sessegnon, but are once again expected to face competition from Liverpool for the 16-year-old who can play either left-back or on the left wing.
Arsenal did make a move for Sessegnon on January deadline day with Serge Gnabry going in the opposite direction but failed to convince Fulham.
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