The Cameroonian striker was released by Chelsea earlier this summer, and has been heavily linked with a move to Liverpool in recent weeks.
West Ham and Everton have also been watching the 33-year-old, but his high wage demands are understood to have scuppered potential moves.
Now it’s believed that he’s keen to hold off on any deal in the hope that Arsenal come back in for him.
The Gunners were rumoured to have been watching the African veteran earlier this summer, and Eto’o himself is desperate to work under Arsene Wenger.
With a striker shortage in north London there is a chance that the Emirates Stadium chief may come calling, with Yaya Sanogo’s starting berth yesterday at home to Crystal Palace illustrating the lack of cover in the position at the club.
Eto’o spent one season at Chelsea after signing for them on a free transfer from Anzhi Makhachkala.
He has enjoyed a glittering career, winning league titles with Barcelona and Inter Milan, as well as the Champions League with the latter.