Barcelona president Joan Laporta has slapped a €100m price-tag on Raphinha.
The Brazil winger is a target for Arsenal after they were outbid by Chelsea for former Shakhtar Donetsk star Mykhaylo Mudryk.
Sport says Arsenal are keen on Raphinha, which has prompted Laporta to set a €100m asking price.
Raphinha joined Barca last summer from Leeds United for a fee rising to €70m.
The attacker has battled for consistency at Barca and could leave - but only for Laporta's valuation.