The Gunners were heavily linked with the 24-year-old during his time at Fiorentina, but he ultimately made the move to Juventus in January 2022.
Arsenal are also thought to have made contact over a potential move for the forward in January, but the Old Lady were not prepared to let him leave in the middle of the 2023-24 campaign.
The Gunners ultimately decided against signing a new striker over the summer despite being linked with the likes of Sporting Lisbon's Viktor Gyokeres and Victor Osimhen, who is on loan at Galatasaray from Napoli.
However, it is allegedly an area that will be addressed next year, and according to TEAMtalk, Vlahovic could be targeted by Mikel Arteta's side in the summer of 2025.
Arsenal 'could' reignite interest in Vlahovic next year
The report claims that the Serbia international is expected to leave next summer, as his talks with Juventus over a new contract are currently at a standstill.
The Old Lady are therefore thought to be willing to listen to big-money offers in 2025, with Arsenal likely to be in the race due to their long-standing interest in his services.
RB Leipzig's Benjamin Sesko is also allegedly still firmly on the London club's radar, with a new striker almost certain to make the move to the Emirates Stadium at the end of the season.
Vlahovic is valued by transfermarkt at €65m (£54m), and Juventus could potentially be forced into a sale around that figure if they are unable to sign him to a fresh deal, with the striker's current terms due to expire in the summer of 2026.
Would Vlahovic be a good signing for Arsenal?
Kai Havertz has scored two Premier League goals this season, and there is no question that the 25-year-old has proven himself to be a successful signing for Arsenal.
However, the Gunners surely need a genuine striker if they are to become regular challengers for the biggest trophies.
Vlahovic still has time on his side, and the Serbian boasts an impressive goalscoring record at Juventus, netting 43 times in 107 appearances, in addition to providing 10 assists.
Meanwhile, he managed 49 goals in 108 games for Fiorentina, and the forward looks to be the perfect fit to thrive in the Premier League, with Arsenal potentially finally being able to secure his signature in 2025.