Arsenal and Roma are in swap talks over the future of Henrikh Mkhitaryan.

The Mirror says the Armenian international has spent the current campaign out on loan in Italy.

The Serie A side have repeatedly made it clear that they would like Mkhitaryan back at the Stadio Olimpico next term.

And Arsenal are ready to cut ties with the playmaker to raise funds for Mikel Arteta to make his own signings.

Mkhitaryan only has a year left on his contract with the Gunners and so the north London club will be keen to sell him while they can get as high a fee as possible.

The Premier League giants are said to value Mkhitaryan at around £10million - although Roma's valuation is even lower than that.

Arsenal and Roma have been discussing a potential player-plus-cash deal for the attacking midfielder.