The Gunners are currently short of options at the back, and are seemingly ready to push ahead with a bid for the 24-year-old Belgian.
Dutch sources claim the Gunners have been in contact with Ajax over the weekend to scope out the possibility of striking a deal after the Amsterdam outfit turned down a bid from Atletico Madrid.
Former Arsenal winger and current director of football at Ajax, Marc Overmars, said: ‘We have rejected the offer from Atletico Madrid for Toby Alderweireld.
‘We were contacted this weekend but it was not considered sufficient for a player of the national team of Belgium.’
Alderweireld has just one year remaining on his current contract, and it’s believed Ajax are looking for in excess of £6.5million for his services.
When asked about Arsenal’s interest in the defender, Overmars said: ‘They would need to pay the asking price, if we were to let one of our players go.’