The Gunners are in the market to bolster their midfield department and Lyon star Guimaraes emerged as a top target in the final days of the window.
However, Arsenal’s Premier League rivals Newcastle United have become the favourites to snap up the Brazilian this month, and the London outfit have started exploring other options.
And Mikel Arteta’s side are now evaluating the possibility of making moves to snap up Aston Villa midfielder Luiz.
The Brazilian’s current contract at Villa Park expires in the summer of 2023 and he has been stalling over signing on fresh terms at the club.
Luiz has caught the eye of several clubs with his performances in the Premier League and Aston Villa have already turned down a offer for his services from a potential suitor this month
Arsenal are not completely out of the race for Guimaraes’ signature but Newcastle are the frontrunners and the Gunners will move to other targets if they miss out on him with Luiz firmly on their transfer radar.
It remains to be seen whether the north London giants will pounce on Luiz before Monday’s transfer deadline, with Aston Villa claimed to have not totally ruled out selling.