Gonazlo Higuain has also been mentioned but Napoli are not keen to sell.
Arsene Wenger is keen to add to his squad with Danny Welbeck out until the new year and Theo Walcott failing to take his chance through the middle.
Olivier Giroud is the main man up top but he struggled last season.
So far Arsenal have completed deals for Granit Xhaka, Kelechi Nwakali, Takuma Asano and now Holding.
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