The 27-year-old goalkeeper has denied two contract extension from Brentford this season and is widely expected to leave this summer.
He has been one of the most consistent goalkeepers in the Premier League and is looking for a new challenge this summer.
The Bees are looking somewhere in the region of £40m for the Spaniard’s services.
Aaron Ramsdale is already Arsenal’s No.1 goalkeeper whereas Matt Turner is playing second fiddle to the England international.
But Arteta wants to bring the Spaniard to bring high quality for first-choice keeper Ramsdale.
Brentford manager Thomas Frank is ready to sell Raya to the highest bidder.
‘I hope [we get an offer], we are waiting to sell,’ Frank told NBC Sports.
‘David would like to go. That’s fine for us. If a club want to buy [him] they just need to find out the price. So I guess it should be simple, but apparently it’s very difficult!’
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