The Sweden international is available from Juve ahead of the January market and the Gunners have intimated a willingness to make an offer.
It's been suggested Arsenal's opening bid will be worth &uro;30m plus €5m in bonuses.
Kulusevski is open to leaving Turin after failing to nail a regular start this season under coach Max Allegri.
La Gazzetta dello Sport says his agent his slated to meet with Arsenal reps next week to discuss personal terms.
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