The Brazilian has reportedly attracted interest from Atletico Madrid and Juventus over the past month as transfer speculation grows around the experienced striker.
Jesus has just 12 months remaining on his deal, with his future at the Emirates Stadium in doubt as manager Mikel Arteta seeks to boost his transfer budget with his sale before the new season begins.
As per CaughtOffside, the Gunners have lowered their asking price for striker Gabriel Jesus and could now accept offers as low as £20M despite paying around £45M for him from Manchester City in 2022.
Several other Arsenal players including Gabriel Martinelli, Leandro Trossard, Christian Norgaard, and loanees such as Fabio Vieira and Reiss Nelson are also on the transfer list as Arsenal make improvements to the squad.
The uncertainty on the future of Atletico striker Julian Alvarez could open the door for Jesus whilst the lack of Champions League football at Juventus could help push him even further towards a move to Spain.
Shoot also claim that Palmeiras could also Jesus a return to his homeland in what would be a move that makes sense as he comes close to the end of his career.
Jesus is also currently just four goals away from becoming the all-time leading Brazilian goalscorer in Premier League history and such a record may be on his mind as he ponders his future which looks to be away from England.