Mikel Arteta’s side have long been interested in signing the attacker and are making steps ahead of the January transfer window.
According to the sports journalist, the Gunners have now submitted a bid worth €40m plus €20m add-ons to sign the Ukraine international.
Shakhtar Donetsk are understood to want more to agree on a deal. Meanwhile, there are now issues in personal talks. The player wants a move to the Emirates Stadium.