South American stopper could replace Fabianski.
Arsenal manager Arsene Wenger is keen to bring Colombia goalkeeper David Ospina to the Emirates Stadium from OGC Nice, according to a report.
Sky Sports claim that Ospina is valued at £3m and that Wenger hopes to sign him before Christmas.
Wenger said after Saturday’s 2-0 friendly win at Boreham Wood that he would bring in a new goalkeeper “for sure”.
Ospina revealed earlier this summer that he will not be renewing his contract with Nice, which is due to expire in June 2015.
The 25-year-old made his first-team debut for Nice in 2009. He has made 169 Ligue 1 appearances to date.
Ospina played seven games for Colombia at the 2014 FIFA World Cup, conceding just four goals and keeping two clean sheets.
In total, he has been capped 44 times at senior international level.
Arsenal are on the lookout for a new stopper following Lukasz Fabianski’s free transfer to Swansea City and the expiration of Emiliano Viviano’s loan.
Wojciech Szczesny started in 37 of Arsenal’s 38 Premier League games last season, conceding 41 goals and keeping 16 clean sheets.
Szczesny, 24, is under contract with the Gunners for another four years.
He has 17 full Poland caps to his name.