The Mirror reports that the Gunners are willing to pay around £40million for the highly-rated midfielder.
Schalke are reportedly demanding a massive £60million fee for the German midfielder, who signed a new two-year contract at the end of last season.
Arsenal scouts has been watching Draxler for a while and Wenger could make a massive dip into the club’s £70million-plus transfer kitty to sign the 19-year-old.
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The start of the 2017-18 Premier League season is just around the corner and is shaping up to be one of the most competitive yet.
As always it is the so called “big clubs” that have splashed the most cash in the transfer window so far this summer. Manchester United or City? Arsenal or Tottenham? Who are the winners and losers of the transfer window so far?