The 22-year-old joined the Old Lady in January and contributed nine goals and two assists in 21 appearances during his first half-season at the club.
He has also started the 2022-23 campaign in impressive form with five goals from seven Italian top flight outings.
The Serbia international, who has a contract at the Bianconeri until the summer of 2026, is being tipped to complete an early exit from Turin.
Arsenal have supposedly reignited their interest amid suggestions that the youngster is unhappy at Juve, and according to Il Bianconero, the Blues are also keen on a move for the Serbian.
However, the report goes on to claim that the Old Lady are planning with Vlahovic for the long-term, and the frontman is also determined to restore the club to their former glories.
Vlahovic has scored 14 goals and registered three assists in 30 appearances for the Old Lady across all competitions.