The Daily Mail says the claims coming out of Dubai follow Dein stopping off in the United Arab Emirates capital for talks on his way back from a Christmas holiday in the Maldives.
In all likelihood he faces the longest of waits to return to the Arsenal boardroom, where a hostile set of directors have a lockdown agreement not to sell shares.
Dein, who was an Arsenal director when they agreed their massive stadium sponsorship deal with Emirates, has plenty of contacts in the UAE, including DIC personnel.
But Dein, chairman of Russian tycoon Alisher Usmanov's Red & White holdings vehicle who are looking to increase their 23 per cent stake in Arsenal, has pledged his lifelong support to the Gunners.
Since his acrimonious split with the board last April, he has turned down all offers to work for other clubs, including Barcelona, so any talks with DIC connections would only be on an advisory basis.