The 30-year-old Spaniard is keen on the move and is said to be willing to compete for the No. 1 spot with current Gunners keeper David Raya.
Kepa, who joined Chelsea from Athletic Club in the summer of 2018 for a world-record 71.8-million-pound fee for a goalkeeper, has seen his career take a number of turns.
Last summer, he signed a revised contract with the Blues that included a pay cut and the now-activated release clause. The updated deal paved the way for a loan move to Bournemouth for the 2024-25 season.
During his loan spell, Kepa was Bournemouth's first-choice goalkeeper, making 35 Premier League starts. His performances played a key role in the Cherries' historic campaign, as manager Andoni Iraola guided the club to their highest-ever top-flight finish.
With Neto returning to Bournemouth following his loan stint at Arsenal, the Gunners have moved swiftly to bolster their goalkeeping options ahead of the new season.
Mikel Arteta's side see Kepa as a strong addition to the squad, particularly given his Premier League experience and evident desire to prove himself at a top club once more.
Barcelona have reignited their pursuit of Athletic Bilbao's dynamic winger Nico Williams, with sporting director Deco holding talks with the player's agent, according to reports.
Sporting CP striker Viktor Gyokeres has broken his silence on the growing speculation around his future, pushing back on what he called "false" reports while maintaining he will address his situation "when the time is right."
Arsenal's pursuit of Real Madrid's dynamic winger Rodrygo has reportedly hit a roadblock, despite a glowing endorsement from their own defender Gabriel Magalhaes.
Chelsea goalkeeper Djordje Petrovic is officially up for sale, with the west London club setting an asking price of around 25 million pounds for the Serbian international.
