The 31-year-old has spent the season on loan at the Stadio Olimpico having been frozen out at the Emirates under former Gunners boss Unai Emery.
The Armenian started just 13 Serie A games this season, contributing six goals and three assists, having struggled with injuries.
Roma have previously declared interest in signing Mkhitaryan on a permanent basis after his loan deal expires, but according to Italian publication Calciomercato, the Serie A outfit are unwilling to meet Arsenal’s £22million asking price and will instead pursue a loan for another season.
‘The philosophy of Emery was different from [Roma manager, Paolo] Fonseca, but here I’m feeling much better because we’re playing better football and I think it matched me.
‘I prefer Fonseca’s football because we’re playing very offensively, we’re trying to have the ball all the time here and of course I like this kind of game.’
‘I can’t say anything at the moment because the season is stopped, we don’t know when we’ll start playing again and what will happen in the summer.’
It remains to be seen whether Mkhitaryan still has a future at Arsenal, but early signs suggest that he has become surplus to requirements at the Emirates.