Jose Mourinho is keen to land the French striker and Manchester United are doing all they can to make him their marquee signing this summer.
Griezmann is reportedly yet to decide on his future, but it seems Atletico already think he will leave and are making plans to replace him.
And according to The Sun, Arsenal's Alexis Sanchez is their priority target.
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Antoine Griezmann and Alexis Sanchez could be on the move this summer
Every Premier League team's most likely signing before deadline day
Sat, January 28, 2017
Click through the gallery to reveal every Premier League team's most likely signing before the January transfer deadline
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Click to reveal every Premier League team's most likely signing in January
The Chilean is yet to agree a new deal with the Gunners and Atletico are ready to take advantage of the situation.
The report suggests Atletico officials have already opened talks with the forward's representatives to sound out the possibility of a move.
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Alexis Sanchez is attracting interest from Atletico Madrid
Sanchez currently pockets £160,000 a week at the Emirates, but Diego Simeone's side are willing to offer him £220,000 a week in order to persuade him to move to the Spanish capital.
The 28-year-old will reportedly wait until Arsenal make him an offer of a new contract before deciding on his future.
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