Aliadiere thinks the 21-year-old could be a bargain buy for the Gunners, considering it would reportedly take £10m to secure his signature.
He told football.london: "For the money that we talk about I think he'll make it. It's about taking a gamble now when other teams aren't prepared to.
"The market has gone so crazy in the last few years. If you want a top level international, it's nothing cheaper than £40m.
"If they've only got £45m to spend you've got to shop differently, go a bit younger and sign players from second divisions. He's a good player and has really good qualities.
"At a club like Arsenal that gives chances to young players, it would be a good step for him."