Arsenal want Leicester goalkeeper Kasper Schmeichel
The Gunners' season has capitulated over the past few of weeks as they fell to four defeats in their last six matches - conceding 16 goals in that period.
Arsenal No 1 Petr Cech has come in for some criticism this season, while back-up keeper David Ospina could look to leave for regular game time.
Arsenal looking to replace Petr Cech in the summer
And Leicester vice-captain Schmeichel has reportedly been lined up by Arsenal as the ideal replacement for Cech.
Kasper Schmeichel saved two penalties against Sevilla
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Schmeichel saved two penalties and pulled off a number of vital saves as Leicester defeated Sevilla to reach the quarter-finals, where they face Atletico Madrid next month.
His performances have also reportedly attracted interest from Manchester United.
Spanish outlet Don Balon reported earlier this month that the Red Devils could make a move for the 30-year-old should they lose David De Gea to Real Madrid this summer.