The Daily Mail says Howe is braced for a late offer for stylish Dutch centre back Ake.
Traore has scored 29 goals in 90 games since joining Lyon from Chelsea back in 2019
The 24-year old has returned to the first team fold after a hamstring injury and was arguably their stand out performer in their defeat at Norwich last Saturday.
Despite being linked with Bayern Munich's Jerome Boateng, Arsenal are considering younger options for their defence. They would prefer loans but with Champions League qualification wide open may shell out before the end of the month.