Arsenal teenage duo Tyreece John-Jules and Xavier Amaechi are wanted by Bayern Munich.
Goal says the youngsters have suitors from across Europe with Bayern one of the sides monitoring their situations.
Both their current deals are set to expire in 2020 and the Gunners have now moved to try and tie down two of their brightest talents to long-term contracts.
But the pair will need convincing Arsenal is the best place for their development with the club facing another year outside the Champions League unless they beat Chelsea in the Europa League final on May 29.
Arsenal have already seen young players leave the club for foreign soil including Chris Willock to Benfica, Stephy Mavididi to Juventus and Marcus McGuane to Barcelona.
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