The Gunners have turned their attention towards Carrasco as Inter remain determined to receive a transfer fee for Ivan Perisic.
Reports suggest Arsenal have already begun negotiations over an initial loan deal, and Henrotay has warned they must speed up negotiations to complete a deal.
"There's the possibility that Dalian reward his honesty and talk to the clubs interested in him," Christophe Henrotay told Radio Rossonera.
"Everything is possible but it seems difficult to do.
"It would need decisive and rapid movement by the interested clubs involved to discuss and deal with the current club of Carrasco."