Arteta is eager to find defensive midfielder this summer and La Razon says Arteta has identified Rodriguez as a potential solution.
Having only played one full season with the La Liga outfit, Betis would be reluctant to let one of their prized assets depart so soon.
Rodriguez has a release clause in his contract of around £68.7m (€80m), but given the financial impact of the stadium lockouts in Spain it is expected that Betis would accept a fee as low as £25.7m (€30m), £43m lower than his contracted clause.
Though thought highly of by Arteta, Rodriguez would be brought in as a partner for Thomas Partey, rather than to solve the issue of Arsenal's lack of goals from midfield, having only scored three goals in 53 appearances since joining the La Liga side.
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