Barcelona have been keeping a close eye on the 21-year-old over the past few months as they are still in search of a perfect replacement for Dani Alves, who joined Juventus last summer on a free transfer.
Spanish media outlet Don Balon suggest Bellerin doesn’t want to repeat the same mistake as his compatriot Cesc Fabregas did when he returned back to his boyhood club, but failed to live up to the expectations there.
However, Manchester City have been credited as a potential destination for Bellerin, and the same report claims he may find it a great opportunity to work with Pep Guardiola.
The Etihad giants are desperate to launch a summer overhaul, with Guardiola willing to scrap the deadwood off his books.
And with Bellerin reportedly turning down Barcelona, this could make the way for City to come up with a mouth-watering offer.
More significantly, the Manchester Giants have successfully poach some of the Gunners’ best players in years gone by, including Samir Nasri, Emmanuel Adebayor and Gael Clichy.
But the main challenge for any potential suitors will be the fact that Wenger managed to tie down his huge asset to a new five-year deal earlier this season, and that give Arsenal an advantage in any form of negotiation.