The Gunners have been linked with the Montenegro international over the course of the past two transfer windows, and are believed to have been particularly keen to snap him up on loan earlier this year.
But on both occasions Arsene Wenger has been unable to snare his man, yet he is ready to once again make a move this summer.
Arsenal are understood to have been keeping a close eye on the 30-year-old over the course of the past few months, and have been buoyed by his current struggles at Juve.
Vucinic is currently behind the likes of Carlos Tevez and Fernando Llorente in the Turin giants’ pecking order, leading to talk that both he and the Old Lady are willing to end their relationship.
Despite him being far from a first-team regular, the experienced Eastern European is still likely to fetch around £10m, and the Londoners are said to be willing to pay such a sum to land a genuine alternative to Olivier Giroud.
Vucinic has long been thought of as one of Serie A’s top talents, enjoying successful spells with Lecce and Roma before joining Juve in 2011.