Alexander Isak has again been linked with the Gunners.
The Swedish forward who had a phenomenal Euros last year was linked with the North London club last summer.
Both Lacazette and Eddie Nketiah are out of contract next summer and have rejected offers of contract extension.
Pierre-Emerick Aubameyang who was stripped off captaincy in December will be asked to leave by the summer and Arsenal would be left without three prolific forwards.
The Gunners are in the market for a new centre-forward and are also targeting Fiorentina striker Dusan Vlahovic.
Man United legend Rio Ferdinand is a huge admirer of Real Sociedad striker Alexander Isak and believes he would be a perfect signing for Mikel Arteta.
“I see in the paper this morning, in the media, about Isak, the Swedish boy,” Ferdinand said.
“He will be a good signing. Another young, talented player.
“He did really well in the Euros for Sweden I thought. He’s a talented player, man.”
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