The 20-year-old has done well on the goalscoring front during 2020, with Brenner notching up 15 strikes for Sao Paulo across all competitions, including six goals and two assists from 12 appearances in the Brazilian Serie A.
The youngster's performances have naturally attracted interest from several top clubs in Europe, with Calciomercato claiming that Arsenal are monitoring the situation closely.
The Gunners signed fellow Brazilian youngster Gabriel Martinelli from his homeland last year, but Arsenal would supposedly face much stiffer competition to land Brenner in 2021.
Indeed, the report claims that Paris Saint-Germain, Ajax, Lazio, Juventus and AC Milan all hold an interest in the former Brazil Under-17 international, who is also eligible to represent Italy through his mother.
Brenner is contracted to Sao Paulo until 2022 and reportedly possesses a €50m (£44.5m) release clause in his current deal.