The 28-year-old has recently been linked with the likes of West Brom, Liverpool and Cardiff.
The Daily Mail reports that Arsenal can sign Kalou in a £2.6million deal and wages of around £60,000 a week.
Arsenal prepare to let Danish striker Nicklas Bendtner join Crystal Palace and are keen to make a big name signing before the transfer window closes.
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Chelsea have struggled to build momentum in the opening stages of the campaign and are currently looking over their shoulders at the relegation zone.
Who of Europe’s top strikers will move to England this summer?