The England international had a great season for the Gunners, playing a key role in their improvement under Mikel Arteta.
However, Arsenal’s collapse in the final weeks of the campaign has opened the door for some of his supporters to test the determination of the north London club.
City is a longtime admirer of the 20-year-old who was nominated for the PFA Player and Young Player of the Year Award last month.
The Premier League champions have already secured Erling Haaland’s headliner but are looking at long-term replacements for the likes of Riyad Mahrez and Raheem Sterling.
Liverpool have also registered a stake in Saka with Jurgen Klopp making plans for the eventual departures of Sadio Mane and Mohamed Salah.
Arsenal have initially entered into talks with Saka over a contract extension, but talks have been complicated after missing out on a return to the Champions League.
The Gunners have not been in the tournament since 2017 and with Manchester United destined to improve under Erik ten Hag, the battle for a top four place next season will be as intense as ever.
Saka’s current deal expires in just under a year, but according to the Daily Mail Arsenal have the option to extend for a further 12 months which would give them some form of protection.
However, if they fail to negotiate new terms with Saka, they would face the prospect of losing one of the 25 most valuable players in world football for a fraction of what they would hope to recoup.
Arsenal are in a similar situation to William Saliba, who made an impression on loan at Marseille last season but is still waiting to make his league debut for his parent club some three years after joining a £30million transfer from Saint-Saint-Pierre. Etienne.
The French international spoke about his future last weekend: ‘I belong to Arsenal, I still have two years to go.
“I’m coming back to Arsenal. I’ve played zero games and I still want to show them my true face and have the chance to play for these fans and this great club.
“But it doesn’t just depend on me. In any case, it would be a shame to leave like this.’
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