Arsenal had scouts posted for Ajax's Champions League stunning victory at Juventus.
The Daily Mail says Gunners scouts were seen at Juventus stadium watching the game.
Left-back Nicolas Tagliafico has already been linked with a move to the Gunners, but it was Brazilian winger David Neres who was under the microscope on Tuesday.
The 22-year-old is seen as a lively talent and a player who could complement the Gunners' squad without immediately demanding a first-team berth.
Liverpool , Manchester United and Everton have also reportedly been casting an eye over the former Sao Paulo attacker, who won his first senior cap for Brazil in the friendly against Czech Republic last month.