According to reports, the Gunners are set to land teenage star sensational in January to help bolster the squad.
The report suggest Arsenal are currently sitting in pole position ahead of Liverpool, Manchester City and Tottenham in securing Walsall defender Rico Henry.
18, has scored twice for the League One leaders already and Daily Mirror reports Arsenal are keen on signing him in January.
“If I were to liken him to anyone it would be a young Ashley Cole and it’s up to him how far he can now go in the game,” Walsall boss Dean Smith said.
“I’ve recommended him a couple of times to the England Under-19s because, if there’s a better left-sided player in the country at 18 years of age, I’d like to see them.
“If he keeps developing and keeps his feet firmly on the ground – his parents will make sure of that – then he’ll go the right way.”