The Gunners, who travel to Liverpool on Thursday for the first leg of their League Cup semi-final, are fourth in the Premier League as they seek to qualify for the Champions League after five seasons outside Europe’s elite club competition.
Despite consecutive eighth-place finishes in the past two seasons and no European football to offer, Arsenal were the highest spenders in England during the summer transfer window, bringing in a number of players including Aaron Ramsdale, Ben White and Martin Odegaard.
There has been much speculation in recent weeks about interest in 21-year-old Serbia international Vlahovic, who has scored 16 Serie A goals this season.
Arsenal manager Arteta said on Wednesday he would not comment on transfer rumours but told reporters that the north London club remained an attractive destination for elite players.
“Historically this club has always been targeting the best players in the world and the best players in the world were always interested to come here and I can say that situation hasn’t changed,” he said.
“Every time I have spoken to any player, they were so willing to come. I haven’t faced any other situation and that’s one of our biggest powers.