The Gunners have their sights set on a summer move for the Everton defender.
The British tabloid reports that manager Arsene Wenger is desperate to strengthen his defence this summer and views the 26-year-old as the perfect addition to his squad.
However, he may have a fight on his hands as Everton are believed to be very reluctant to sell Lescott.
The defender has become an integral part of the Everton squad since joining in 2006, and has enjoyed another impressive season at Goodison Park, helping the Merseysiders finish fifth in the Premier League and also make it to the FA Cup final.
The paper claims that, with David Moyes keen to keep hold of Lescott, he will demand at least £18 million for the former Wolverhampton Wanderers man.
Yet this is unlikely to put off Arsenal who believe that the offer of Champions League football could prove tempting to the England international.
Lescott is not the first defender who has been linked with the Gunners as transfer speculation begins to heat up.
Fulham’s Brede Hangeland and Ajax skipper Thomas Vermaelen have both been linked with moves to the Emirates in recent weeks, with a defensive signing looking to be a priority for manager Wenger.
Gill Clark, Goal.com