But it has been claimed that the Gunners face competition from Besiktas who want to sign the midfielder on a free transfer.
AS says Cazorla is in negotiations with Turkish outfit Besiktas.
They want to sign him when his deal at Villarreal expires, though it remains unclear what the future holds for Cazorla.
Speaking in May, he expressed his desire to return to the Emirates in a coaching role alongside his former team-mate.
And journalist Guillem Balague has revealed that Arteta is keen to work with the little magician in the future.
He said in a social media post: "I do know that Arteta will ask Cazorla to be a member of the coaching staff at some point in the future.
"They understand football the same way, they love working with each other."