The Gunners have failed to reach economic agreement with the 31-year-old midfielder who joined the Emirates outfit in a € 19 million deal from Malaga in 2012.
If Cazorla and Arsenal do not reach an agreement by the beginning of the new year, the player will be free to negotiate with any other club and leave Arsenal for free at the end of the current campaign.
Juventus are looking for midfield reinforcement in January, but the player is not likely to join the J Stadium outfit in the incoming transfer window. The Old Lady is known to be one of the most active clubs in Europe when it comes to signing free agent players. The Serie A giants have signed the likes of Paul Pogba, Andrea Pirlo, Fernando Llorente, Kingsley Coman, Patrice Evra, Dani Alves and Sami Khedira for nothing over the last few seasons and Cazorla would be the last jewel added to the Old Lady’s crown.
AC Milan are also aiming to strengthen their midfield department and a midfielder as experienced and as skilled as Cazorla would only raise the quality of the rossoneri side.