Arsenal did not sign did not sign Jude Bellingham from Birmingham City in 2020 because of his price.
The 19-year-old is already seen as one of the best midfielders on the planet.
Bellingham, now at Borussia Dortmund, is wanted by Real Madrid, Liverpool, Paris Saint-Germain, and a host of other teams.
Ex-Arsenal scout Francis Cagigao has now mentioned the club's interest in Bellingham from 2020.
"I saw him for the first time when he was 16 years old," Cagigao told AS.
"I wanted to sign him for Arsenal, but he was already too expensive.
He is very good. What is clear is that if they have paid that amount for Enzo [Fernandez], he is also going to pay for Bellingham."