Manchester United have previously been linked with a move for Perisic and remains a possible destination for the forward.
However, a move this month looks unlikely as the Red Devils are focused on extending Anthony Martial’s stay at Old Trafford.
The Gunners are however working on tight restrictions with Unai Emery only able to make deals in the loan market.
However, Arsenal may still be able to secure Perisic’s signature on loan this January with a view to a permanent deal this summer which Inter would be interested in – so long as the £35million asking-price is met.
Bayern Munich are also believed to be interested, but Inter are yet to receive a concrete offer for Perisic.