Ozil's future at the Emirates Stadium remains uncertain, with the German free to discuss terms with other clubs due to his contract expiring this summer.
The 29-year-old has previously been linked with the likes of Barcelona and Manchester United, but the Spanish outfit have since spent big to sign Philippe Coutinho while United are understood to be on the verge of signing Alexis Sanchez from the Gunners.
Calciomercato reports that Juventus could now look to swoop for the World Cup winner, although Arsenal are still hopeful that they can extend his stay at the club.
Ozil's North London rival Eriksen is also on Juve's wanted list, but is thought to be their second choice due to the possibility of landing Ozil on a free transfer.
Juve have won an unprecedented six consecutive Scudettos and currently lead the way again this season, sitting one point clear of Napoli.