Reports indicate that the Gunners has joined the race for the 23-year-old midfielder and has submitted a request to bring him on board.
The winter transfer window is shaping up to be a busy one for the North Londoners, as Mikel Arteta’s side look to plug any gaps in its roster for the rest of the season.
With Atletico Madrid in the midst of a rebuild, Felix could be on the way out, having fallen out of favour at the Wanda Metropolitano.
According to reports, the Premier League leaders are the front-runner to sign Shakhtar Donetsk winger Mykhaylo Mudryk, but manager Mikel Arteta wants to have a range of options to choose from, given that Gabriel Jesus is currently out injured.
The £250,000 wage for Felix should not be a concern for Arsenal, and a January transfer is likely on the horizon.
The Portugal international has not had the best of seasons at Atletico Madrid thus far, having made just 6 appearances in the league.