Bellerin's development at the Gunners has slowed this season, with the 23-year-old losing his place in the team at one stage as Arsenal finished sixth in the Premier League table.
The defender is expected to miss out on a place in Spain's World Cup squad this summer, which could increase his desire to leave the Emirates Stadium in a bid to win his international spot back.
The Express reports that Juventus are plotting a return for Bellerin after previously being turned down in their pursuit, although they are unwilling to meet Arsenal's £50m valuation of the player.
Bellerin's contract with the Gunners does not expire until 2023, allowing the club to demand a hefty fee for his services if they are to be convinced into selling.
Bellerin, who has also been linked with Barcelona in the past, made 47 appearances for Arsenal across all competitions this season.