The 30-year-old is currently on loan at Roma from Manchester United, and it is understood that the Gunners have been keeping tabs on his performances over in Italy.
The report states that a number of Premier League sides are keen on the centre-back, with Everton and Leicester City also named as potential suitors.
Would Smalling be a good signing for Arsenal?
When Chris Smalling left England over the summer, it’s probably fair to say that there was a fair amount of stigma associated with his name.
A run of poor performances for Manchester United and England had seriously damaged his reputation, but he has looked like a new player over in Italy, and is more than deserving of another chance in the Premier League.
So far this term he has averaged a Whoscored rating of 7.48, and that level of consistency and dependability is not only what he was lacking last season, but what the Gunners are lacking right now.
It remains to be seen how much he would cost, but if the price was right, and if United were willing to sell, then this could be a smart move from the Gunners.