Arsene Wenger is under pressure to land a marquee signing in the transfer window as he looks to address his striking options.
But according to Spanish publication Okdiario, Arsenal are willing to trigger his £85m release clause.
Antoine Griezmann is attracting interest from Manchester United and Arsenal
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The claims are uncharacteristic of the Gunners with Wenger known for not willing to splash the cash over the years.
Arsenal's biggest deal to date was the £42.5m they paid Real Madrid for Mesut Ozil in 2013.
But the north London outfit face tough competition from United with the Red Devils also willing to bankroll a move for the France hitman.
Antoine Griezmann is under contract with Atletico Madrid until 2021
Arsene Wenger is reportedly willing to meet Antoine Griezmann's £85m release clause
However, Atletico insist Griezmann is not for sale with the 25-year-old under contract at the Vicente Calderon until 2021.
Griezmann has scored 15 goals in all competitions for the Spanish giants this season.