This follows report on Express.co.uk that the London side are set to prepare a bid for Cavani should Vardy opt to remain at Leicester.
The Gunners had triggered Vardy’s £20m release clause, offering him a four year deal worth £120,000 per week, and were hoping to have his decision before he joined Roy Hodgson’s England squad for Euro 2016.
Arsene Wenger will make an attempt to land Uruguay international Edinson Cavani, should a deal for Leicester forward Jamie Vardy fall apart.
However, the 29-year-old delayed making a decision until after the tournament and the deal has stalled.
So, should Vardy opt against joining Arsenal and stay at Leicester this summer, Arsene Wenger will offer Cavani the same £120,000 per week to move to the Premier League amid interest from China.
The PSG forward reportedly snubbed a £500k-a-week deal from the Chinese Super League.