The Daily Star Sunday says Cameroon star Song, 25, left the Gunners last summer for Barcelona in a Â£15million deal â€“ but has struggled to get first-team football.
Song is ready to call time on his short spell at the Nou Camp and a move back to The Emirates would suit him and his family.
However, Gunners boss Arsene Wenger is cool on the prospect.
Should Wenger welcome back Song? Will he regret it if Song joins a Premier League rival? Give us your shout below...