The Gunners are on the lookout for Petr Cech’s long-term replacement and Spanish media outlet AS has claimed the club are poised to meet his £89 million release clause.
Cech will have just a year left on his contract this summer and the report says that Arsenal’s director of football, Raul Sanllehi, wants Oblak to replace the former Chelsea stopper.
Oblak signed for Benfica at the age of 17 and was part of the team that won the domestic treble in the 2013/14 season.
He joined Atletico for €16 million in 2014, becoming La Liga’s most expensive goalkeeper of all time.