Goretzka has been heavily linked with a switch to Liverpool, as well as Manchester United, Barcelona, Juventus and Bayern Munich, in recent weeks, but a claim from The Sun suggests that Arsenal are currently best placed to win the battle.
22-year-old Goretzka is due to be out of contract at the end of the season and isn't expected to sign a new deal to remain with Schalke. That means he is set to be available as a free agent, with the tabloid report claiming that the Gunners are 'closing in' on his signature.
It is alleged that Arsenal are 'confident' they have all but wrapped up a deal and are willing to pay the player handsomely, as well as offering a significant signing bonus.
In the same way there were suggestions that versatile Goretzka could replace
Goretzka will officially become eligible to sign a pre-contract agreement ahead of a free summer transfer when he enters the final six months of his current contract on 1st January.
The player recently explained that a decision regarding his future would be made in January.
"There isn't a deadline, but I think we are in the final phase. The final decision will be made in January," he said of his situation last week.