But Kicker says Aubameyang will need to stick around at the Emirates in order to receive his £3.8m (€4.2m) bonus he gets at the end of every completed season at the club.
The former France youth international, who would be in line to earn £300,000 (€340,000) a week in China, joined the Gunners from Borussia Dortmund in 2018 for a fee of £56 million.
Aubameyang was keen to help Arsenal return to Europe's premier competition, but they could only manage a fifth-placed finish despite his 22 league goals.
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