But the Gunners will place a £50million price tag on the talented right back as they prepare to listen to offers for the Spaniard this summer.
Bellerin has endured a mixed season at the Emirates after failing to secure a return to Barcelona last summer.
At the time, Arsenal refused to sell the defender but the club are coming round to the notion of doing so in a bid to boost their transfer coffers.
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Juventus are interested in the 22-year-old and are understood to be preparing a summer swoop.
Whether Pep Guardiola would consider reviving his interest in the Spain global having signed Kyle Walker last summer remains to be seen. The club are also keen on finding a long-term replacement for left-back Nacho Monreal.
Bellerin is said to be open to the idea of moving on at the end of the season, provided it be the right opportunity or him.
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Bellerin is one of Arsenal's key first-team players but he has struggled for form this season, which has led to the reports he could be on his way out.
The Daily Mail say Arsenal's head of recruitment, Sven Mislintat, wants to sign at least three new players this summer - a goalkeeper, a defensive midfielder and a centre-back.
Meanwhile, club record signing Pierre-Emerick Aubameyang has revealed the reason he signed for Arsenal was to work with Arsene Wenger.
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'He had the interest in me so I am happy to play for him'.
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