The 18-year-old has struggled to break into the first team and could be set for another spell away from the Emirates Stadium, despite impressing at Feyenoord last seasonhere.
Valenciennes are lining up a loan move for Arsenal starlet Ryo Miyaichi, according La Voix Des Sports.
The 18-year-old has found first-team opportunities few and far between at the Emirates Stadium, despite impressing during a loan spell at Feyenoord last season, where he scored three goals in 12 Eredivisie games.
The Japanese winger's only appearances for Arsene Wenger's side this season have come from the bench in League Cup games against Shrewsbury and Bolton.
Valenciennes boss Daniel Sanchez is also targeting Tours midfielder Diego, who has scored four goals in 14 Ligue 2 matches this season.
The French side have endured a disappointing start to the Ligue 1 season and are only out of the drop zone due to goal difference.