Calciomercato.com says the Gunners will send scouts to watch Berardi 'in the coming weeks'.
The 25-year-old is enjoying a fine season at the mid-table Serie A side so far having scored nine goals in 20 matches alongside five assists too in all competitions. Last season, he scored 10 goals in 37 games.
If Arsenal do firm up their interest in the Italy international, any move for him is likely to come at a significant cost. That's because Berardi signed a new contract last October keeping him at the Mapei Stadium-Citta del Tricolore until 2024.
Any possible move for Berardi could be seen as a replacement for Pierre-Emerick Aubameyang at the Emirates Stadium.
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