The Sun is reporting that the Gunners are interested in a potential deal to sign the Ivory Coast international to bolster their attacking options.
The same article states that Crystal Palace are holding out for a valuation closer to the £80m mark following Zaha’s impressive season in the Premier League.
According to the same story, Arsenal are willing to wait until the end of the transfer window to see if Palace are prepared to drop their asking price.
The Sun report goes on to add that Zaha has already informed Palace that he wants to leave the London side to pursue a career in the Champions League.
The report adds that the Palace winger would count as a homegrown talent for the purpose of Premier League quotas ahead of next season.
Arsenal finished in fifth place in the Premier League table this season to qualify for the Europa League for the third successive season.
However, Unai Emery’s men could still qualify for the Champions League if Arsenal beat Chelsea FC in the Europa League final later this month in Baku.
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