Arsenal manager Arsene Wenger is planning a major title push this season and the boss is aware of the need to bring in only the best to achieve his target.
The Sun reports Arsenal will sweep in for Italian star from Italian club Genoa in Winter.
27-year-old Argentine is being touted as the second best Argentine named Diego a name of one of Argentine football legend Diego Maradona.
The skillful two-footed player is also comfortable on either flank or playing as a number might be making the switch to the Emirates according to reports in Italy..
Perotti is currently being valued around £9.8m by the Serie A club.