And Carrasco has himself confirmed he is negotiating with one club.
The 25-year-old is reportedly keen to leave Super League side Dalian Yifang after struggling to settle in China following his shock move from Atletico Madrid in February 2018 but we couldn't meet his asking price during in the winter window.
Carrasco shot to prominence with Atletico Madrid before sealing a shock move to China a year-and-half ago.More news: Where's the plant-based beef? Grocers uncertain about Beyond Meat placement
More news: Chris and Katherine Wednesday
More news: Cejudo vs Moraes and Shevchenko vs Eye, Main Card, Start Time
The news comes after Carrasco told Belgian media this week that he has an offer on the table and negotiations with his agent are progressing well as he looks to seal a move back to Europe.
Carrasco is still so young at just 25, and it always felt odd for him to move to China with his career ahead of him, so a return to Europe is a good sign.
Do you think Carrasco would be a good signing for Arsenal?
The Spaniard's time at Arsenal did not go to plan though as he managed just four league appearances.