The 22-year-old has impressed in the Bundesliga, the German Cup and the Uefa Cup this season.
“We keep our eyes on him,” Arsenal first team coach Boro Primorac told kicker-Sportmagazin.
“He is a striker able to make it in the Premiership.”
Dzeko’s agent Alen Augustincic told spox.com: “Edin is under contract for two more years and likes being at Wolfsburg.
“We are hoping they will win participation in the UEFA Champions League for next season.”
