According to a report from football.london, Arsenal are targeting a move for Sheffield United goalkeeper Ramsdale, seeing him as the ideal homegrown alternative for Bernd Leno.
They initially made contact with Andre Onana's representatives, but a move for the Ajax goalkeeper has stalled.
The Blades currently value Ramsdale at around £30 million, and a meeting took place between club officials last week, with the Gunners making it clear that they will not pay that fee for him.
Despite this, Sheffield United are still keen on recouping a sizeable transfer fee for Ramsdale this summer, with the likelihood of a deal being reached now being greater than ever.
Following Ramsdale's return to club football from UEFA Euro 2020, Mikel Arteta's side had two previous offers for him rejected by Sheffield United.
Apart from this, Arsenal are still trying to sign an attacking midfielder, with the likes of James Maddison and Martin Odegaard being the primary names on the list.
The Gunners also need to sell plenty of their players, including the likes of Hector Bellerin, Lucas Torreira and Sead Kolasinac, with all of them reportedly wanting moves away.
Ramsdale has played in both of Sheffield United's Championship games so far this season, while last season he played in 42 games in all competitions, as the Blades were relegated from the Premier League.