Lucas is expected to be sold by PSG as he slips down the midfield pecking order.
PSG are also under pressure to offload players to meet Financial Fair Play regulations.
The 35-year-old told L'Equipe: "If I was in his place, I would have already left to make an impact elsewhere.
"Spanish football could suit him – he could take advantage of the space with his speed and technique.
"Even if England does not seem favourable, I would like to see him at Arsenal. They play cleaner football, more technical."