Arsenal are still pushing to sign Bologna's star defender Riccardo Calafiori this summer.
The Italian club is adamant on getting €50 million for the 22-year-old defender.
Therefore, the Gunners are hoping to sell Jakub Kiwior to finance the move, as per The Standard.
Bologna may consider a swap deal that would see Calafiori move to the Emirates Stadium in exchange for Kiwior plus cash.
If the two sides agree on the swap, it would be done as two separate deals for financial reasons.
Juventus and Inter Milan are also keen on signing Kiwior, who is valued at around €30m, according to Transfermarkt.